NIMASA Internal AUdit prep questions

[FR 1701] Who must ensure the establishment of an Internal Audit Unit in an organisation?

The Accounting Officer.

[FR 1701] Does Internal Audit replace the normal departmental checks performed by other officers?

No, Internal Audit does not remove other officers' individual responsibilities or replace normal departmental checks.

[FR 1702] Who is responsible for ensuring a suitably competent accountant is placed directly in charge of Internal Audit?

The Accountant-General.

[FR 1703] To whom is the Internal Auditor in charge directly responsible?

The Accounting Officer.

[FR 1704] To whom must the Head of Internal Audit submit the detailed annual audit programme?

The Accounting Officer, with copies sent to the Accountant-General.

[FR 1705] What percentage of checked-and-passed vouchers requires pre-payment audit?

100%.

[FR 1705] What is the maximum time limit a voucher can be held in the Internal Audit unit?

48 hours.

[FR 1705] How must examined vouchers be forwarded to the Central Pay Office?

Under a security schedule directly to the appropriate Central Pay Office.

[FR 1706] How often must the Head of Internal Audit produce periodic audit reports?

Monthly, quarterly, and half-yearly.

[FR 1706] To whom are copies of periodic and special audit reports sent?

The Accountant-General and Auditor-General.

[FR 1707] Who is responsible for maintaining the audit progress register?

The Head of Internal Audit, under personal control.

[FR 1708] What must the Head of Internal Audit prepare to set out the nature and extent of checks for each account or record?

Comprehensive staff instructions.

[FR 1709] Can an Internal Audit staff member perform accounting duties within the same organisation?

No, they must not be employed on accounting duties within the same organisation.

[FR 1709] Can an officer take up Internal Audit duties if they were previously engaged on accounting duties in the same organisation?

No, the 2009 provision precludes this.

[FR 1710] How must Internal Audit certification of examined vouchers and records be executed?

Through Internal Audit stamps issued by the Accountant-General.

[FR 1711] What is the minimum grade level required to use an audit stamp in Abuja?

GL 09.

[FR 1711] What is the minimum grade level required to use an audit stamp outside Abuja?

GL 08.

[FR 1712] How should audit stamps be secured at the end of each day?

In a Treasury Safe, with keys held by two senior officers, one of whom must be the Head of Internal Audit.

[FR 1713] Can an audit stamp be transferred or shared with another officer?

No, they are not transferable between officers.

[FR 1713] What must happen to a stamp if the assigned auditor is reassigned?

It must be returned to the Head, who immediately forwards it to the Accountant-General; it must not be reissued.

[FR 1714] What is the penalty for losing an audit stamp through negligence?

The maximum penalty of surcharge or replacement cost, as confirmed by the Accountant-General.

[FR 1715] What access rights does the Internal Auditor have regarding physical assets?

Free access at all reasonable times to stores and stores records to carry out independent audit.