The NIA-Aklan-Capiz Irrigation Management Office (NIA-ACIMO) recently went through a rigorous financial audit by the National Irrigation Administration (NIA) Central Office's Internal Audit Services (IAS) headed by Ms. Katrina A. Ferrer, Sr. Internal Control Officer, which took place from August 1-6, 2024.
The auditor's primary objectives were:
1. Evaluate the correctness and completeness of the financial records.
2. Ensure compliance with applicable financial regulations and rules.
3. Determine the efficacy of internal controls in preventing fraud and financial mismanagement.
4. Determine the efficiency of financial processes and use of resources.
The audit focused on Aklan-Capiz IMO's financial transactions, including budget allocations, expenditures, procurement processes, and fund disbursements.
In response to the audit findings, the Aklan-Capiz IMO management led by Division Manager Engr. Raymond B. Mojares showed their commitment to carrying out the proposed activities. They recognized the audit's value in identifying areas for improvement and reiterated their commitment to maintaining high financial integrity and accountability standards.
The financial audit conducted by the IAS of the NIA Central Office serves as a device for ensuring transparency and accountability in the management of public funds. The audit's results and recommendations provide an opportunity for the Aklan-Capiz IMO to improve its financial operations, resulting in more effective and efficient irrigation service delivery to the region.
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