The Internal Audit Unit (IAU) is a Unit under the Director General’s (DG) Office, headed by a Deputy Director and reports to the DG.

It is the Chief Compliance Officer of the Bureau. Its primary focus is ensuring compliance with laid down Financial Rules and Regulations, Processes and Procedures, Federal Government Circulars, Public Service Rules, Bureau’s Policies/Conditions of Service, Standard Operating Procedures (SOPs) etc. Its periodical reviews are aimed at strengthening the processes and preventing or reducing the frequency of errors and misstatements.

It is also an Independent, Objective and Quality Assurance Unit designed to add value and improve the effectiveness and operational efficiency of the Bureau’s Internal Control Framework that helps the Organisation accomplish its set objectives and risk mitigation.

The Unit has two (2) Sub-units: –

1. The Operations Sub-unit – is in charge of a general review and evaluation of the Organisation’s operating activities, both on a day-to-day level and a broader scale, and
2. The Quality Assurance and Standards Sub-unit – is crucial for ensuring the effectiveness and compliance of the audit function. It focuses on evaluating whether Internal Audit activities align with Professional Standards and involves both internal and external assessments. Its implementation is a key element in enhancing the overall quality of the Internal Audit function.

Furthermore, the functions of the Unit are to: –

1. Assist the Management Committee of the Bureau in its general oversight functions by constantly keeping an eye on the Internal Checks and Internal Control Systems of the Organisation.
2. Ensure that policies and programs of the Bureau are efficiently and effectively implemented without any breach in the Internal Control Systems of the Organisation. It is expected that the advisory work of the Unit will lead to the preservation of the assets of the Bureau and ensure value for money is expended in its operations.
3. Pay particular attention to policies and guidelines established by the Management Committee with the intention to safeguard assets such as stores, cash, and other fixed assets.
4. Ensure through its routine review that all transactions/activities are fully documented and that financial statements/reports emanating from such transactions give full disclosures of relevant information, financial or otherwise.
5. Provide a complete and continuous audit of accounts and records of revenue and expenditure as well as assets and liabilities.
6. Provide quality assurance through a continuous evaluation of systems, operations, procedures, etc.
7. Ensure full compliance with Public Service Rules (PSR), Financial Rules and Regulations, Processes and Procedures, Federal Government Circulars Bureau’s Policies/Conditions of Service, Standard Operating Procedures (SOPs) etc.
8. Carry out special investigations whenever the need arises and as may be directed by the Management Committee (MC).
9. Assess the effectiveness of Risk Management, Internal Control, Governance Process, and to provide an insight and proffer recommendations that may enhance these processes, particularly as they relate to effectiveness of operations, reliability of Financial Management and Reporting, Compliance with Laws and Regulations.
10. Enhance and protect Organisational values by providing Risk-Based and Objective Assurance, advice and insight, while consistently building trust and strengthening its relationship with Management, through the delivery of high quality and distinctive Internal Audit Service.
11. The Unit also works closely with Management to review systems and operations to identify how well risks are managed, whether the right processes are in place and whether agreed procedures are being followed. This provides an indication of the integrity of the Organisation’s systems and processes, and their capability to support the set goals and also help identify areas for improvements.