I- Purpose:
The Internal audit policy is to accomplish the roles
and responsibilities as a unit independent, with
objective, assurance and consulting activity
designed to add value and improve organization’s
operations. It helps the organization accomplish its
objectives by bringing a systematic, disciplined
approach to evaluate and improve the effectiveness
of risk management, control, and governance
processes.
II- Major roles and responsibilities of
internal audit function are:
To evaluate and provide reasonable assurance
that risk management, control, and governance
systems are functioning as intended and will
enable the organization’s objectives and goals
to be met.
To report risk management issues and
internal controls deficiencies identified
directly to the Executive Director and
management committee and, provide
recommendations for improving the organization’s
operations, in terms of both efficient and
effective performance.
To evaluate information security and
associated risk exposures.
To evaluate regulatory compliance program
with consultation from fundamental rules of OEC,
public finance and International Standard of
Accounting.
To evaluate the organization’s readiness in
case of operations interruption.
To maintain open communication with
management committee, other related project
managers,
To team with other internal and external
resources as appropriate.
To engage in continuous education and staff
development; and provide support to the
organization's anti-fraud programs.
III- General Responsibilities
To work with trustees and management to ensure a
system is in place, which ensures that all major
risks of the charity are identified and analyzed, on
a quarterly basis.
To plan, organize and carry out the internal
audit function including the preparation of an audit
plan, which fulfills the responsibility of the
organization, scheduling and assigning work and
estimating resource needs.
To make recommendations on the systems and
procedures being reviewed, report on the findings
and recommendations to management committee and
Executive Director, and monitor management’s
response and implementation.
To review and report on the accuracy, timeliness
and relevance of the financial and other information
that is provided for management with also taking
account of all fundamental documents existing.
To report on the value for money that the
charity obtain in all its activities with special
regard to economy, efficiency and effectiveness.
To conduct any reviews or tasks requested by
trustees, the audit committee, executive director,
management committee, Board of Directors, or
Financial manager, provided such review and tasks do
not compromise the independence or objectivity of
the internal audit function.
To perform individual audits according to the
Standards for the Professional Practice of Internal
Auditing, including identification of weakness,
review management’s plans for addressing those
weaknesses, their resolution, and report to the
leading committee of the organization.
IV. Authority
The trustees, project managers, financial and admin
manager, including head of asset and procurement
committee, chief of permanent secretariat in charge
of watch-dog and reception of complaint, must
cooperate openly and faithfully with the Internal
audit team, based on the eight principles of
democratic governance for great success of the
“Operations Enfants du Cambodge”, and for the
dignity of all.
Elaborated by Management
Committee,
Submitted for approval on 16 February 2009
Chairman of MT
Having analyzed and approved Lek Hay
Battambang, 16 February 2009
Executive Director
CC:
- Board of Directors
- All project managers
- Staff Association
- Permanent Secretariat
- Financial manager
- for “Information/Execution”
- Admin/archive
