Audit Services

Types of Audit Services

Financial, compliance, performance and information-systems audits, plus special investigations and follow-up engagements across the public sector.

The DIA provides an objective assessment to provide reasonable assurance on the various Governance, Risk Management, and Control processes of the audit client. Internal auditors may provide limited or reasonable assurance, depending on the nature, timing, and extent of procedures performed. DIA does this by conducting the following types of assurance engagements: a) Financial Audit: To provide assurance on the correctness, entirety, legitimacy, and regularity of financial reports and transactions as well as the soundness of underlying internal controls and accounting records. b) Compliance Audit: To verify adherence to laws, regulations, contracts, policies, procedures, and other requirements. c) Operational/Performance Audit: To assess the degree of economy, effectiveness, and efficiency of the entity. The emphasis here is on both the entity's inputs and outputs. d) Systems Audit: To evaluate the design and operation of systems including internal controls, financial controls, accounting systems, IT systems etc. e) Technology Audit: This involves the review of computer-based systems by assessing the likes of data security, disaster recovery, and effective use of resources. f) Value for Money Audit: To provide assurance on the use of funds or resources against the intended objectives, purpose, vision and mission of projects and entities. g) Forensic Audits: This considers specific cases of suspected irregularities like fraud, embezzlement, or mismanagement of public funds.