On August 6, 2024, the Internal Audit Services (IAS) commenced a Financial Management Audit at the NIA Antique Irrigation Management Office. The 3-day audit is a critical component of the IAS’ Strategic Plan for CY 2024-2026, which focuses on identifying and scrutinizing key areas requiring detailed review to enhance operational efficiency and compliance.
Led by Ms. Katrina A. Ferrer, Senior Internal Control Officer A, the Financial Management Audit at the Antique Irrigation Management Office (Antique IMO) aims to 1: Assess Financial Management Practices, i.e. evaluate the adequacy and effectiveness of financial controls and procedures, 2. Identify deviations or non-compliance issues and recommend corrective actions, 3. Verify adherence to relevant laws, regulations and policies governing financial management and operations, 4. Promote transparency in financial recording and foster accountability within the agency.
Engr. Bernard N. Castellano, Division Manager A, was grateful for the presence of the team. "I appreciate the thoroughness of this audit, which is crucial for identifying and addressing any issues in our financial management.
Given the significant funding that NIA-AIMO is currently receiving, it is timely and necessary to ensure that we correct any deficiencies and adhere to prescribed procedures right away. Equally important is enhancing staff's understanding of their roles and responsibilities, facilitating the adoption of updated practices essential for our operations.” he remarked.
The Financial Management Audit at the Antique underscores the importance of financial management in ensuring the efficient and effective use of public resources. The audit’s findings and recommendations will be instrumental in driving improvements and fostering a culture of accountability within the agency.
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