Audit

Internal Audit Unit – NSSEC

Head: Aduku Alexander Ojonim

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Introduction

The Internal Audit Unit ensures effective managerial control within NSSEC by evaluating and strengthening the internal control system.

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Mandate

The unit is responsible for:

1. Pre-payment Audit – Conducting 100% audits of all payment vouchers before disbursement.

2. Post Audit & Reports – Reviewing account books and financial records from the Finance & Accounts Department.

3. Assets Verification – Keeping records of all NSSEC assets.

4. Audit Check in Stores – Ensuring all store items are properly documented.

5. Audit Guide Production & Implementation – Developing an Audit Guide to streamline financial and non-financial transactions.

6. Management Audit – Auditing programs across NSSEC departments and units.

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Programs & Activities

Continuous auditing of payment vouchers.

Training auditors on applying IFRS/IPSAS for digital accounts preparation in public sector financial reporting.

Developing an Audit Action Plan for annual operations.

Producing the NSSEC Audit Manual (in progress).

Ongoing audits of NSSEC’s financial transactions, stores, plants, and equipment.

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The Internal Audit Unit plays a crucial role in financial oversight, ensuring transparency, accountability, and compliance with government financial regulations.