QuestionsQuestions (Republic Act No. 3456)
The short title of Republic Act No. 3456 is the "Internal Auditing Act of 1962."
The main purpose of the Act is to provide for the creation, organization, and operation of internal audit services in all departments, bureaus, and offices of the National Government to assist management in achieving efficient and effective fiscal administration and performance of agency functions.
All departments, bureaus, and offices of the National Government are required to have internal audit services.
The Internal Audit Service shall be under the direct administrative supervision and control of the chief and/or assistant chief of the agency.
It is organized as an independent staff unit performing staff functions responsible for instituting and conducting the internal audit program for the agency.
The chief of the Internal Audit Service shall have the rank and salary equivalent to the third-ranking official of the agency.
The chief of the Internal Audit Service reports directly to the chief or assistant chief of the agency.
The Auditor General is responsible for promulgating and enforcing general policies, rules, and regulations on internal auditing, coordinating and scheduling the installation of internal audit services, and developing working plans and training programs to maintain their effectiveness.
The Internal Auditing Coordinating Staff of the General Auditing Office assists the Auditor General.
Funds necessary for the implementation of the Act are included in the annual General Appropriations Act beginning with the fiscal year 1963.
The Act took effect upon its approval on June 16, 1962.