Organization and Control of Internal Audit Services
- The Internal Audit Service is placed under the direct administrative supervision and control of the chief or assistant chief of the agency.
- It functions as an independent staff unit performing staff functions within the agency.
- Its primary responsibility is to institute and conduct an internal audit program for the agency.
- The chief of the Internal Audit Service holds a rank and salary equivalent to the agency’s third-ranking official.
- The chief of the Internal Audit Service reports directly to the agency chief or assistant chief.
Role of the Auditor General in Policy and Implementation
- The Auditor General is tasked with promulgating and enforcing general policies, rules, and regulations on internal auditing.
- The Auditor General coordinates and schedules the gradual installation of internal audit services across all government departments, bureaus, and offices.
- Responsibilities include developing working plans and training programs for continuous improvement and effectiveness of internal audit services.
- The Internal Auditing Coordinating Staff of the General Auditing Office assists the Auditor General in executing these duties.
Funding Provisions
- Necessary funds for implementing the Act are to be included in the annual General Appropriations Act starting with the 1963 fiscal year.
Effectivity
- The Act took effect immediately upon its approval on June 16, 1962.