The Unit performs the following activities: -

1. Prepare and coordinate strategic audit plans;
2. Review and report on proper control over the receipts, custody and utilization of financial resources of the Fund;
3. Review and report on conformity with financial and operational procedures laid down in any legislation or any regulation or instruction issued under such legislation and good accounting practice as, from time to time, defined by the Accountant General in order to avoid incurring obligations and authorizing payments to the extent which would ensure effective control over the expenditure of the Fund;
4. Review and report on the correct classification and allocation of revenue and expenditure accounts;
5. Review and report on the reliability and integrity of financial and operating data so that information provided allows for the preparation of accurate financial statements and other reports for the information of the Fund and the general public as required by legislation;
6. Review and report on the systems in place used to safeguard assets, and as appropriate, the verification of the existence of such assets;
7. Review and report on operations or programs to ascertain whether results are consistent with established objectives and goals;
8. Review and report on the adequacy of action by the management in response to internal audit reports, and assisting management in the implementation of recommendations made by those reports and also, where appropriate, recommendations made by the Controller and Auditor General;
9. Review and report on the adequacy of controls built into computerized systems in place in the Fund;
10. Conduct performance audit on appraisal of development projects;
11. Evaluate effectiveness of all administrative matters in order to ascertain to what extent resources are being utilized and adhered to Regulations and Procedures; and
12.  Conduct operational/value for money audits.