Monday, October 23, 2017

Last column, I wrote about the legal mandate to institutionalize internal auditing in the Philippine public sector, and where it is now more than 50 years later.

Practically still in the doldrums, as current literature shows. To recall, the first detailed issuance on the concepts, principles, institutional arrangements, practices, processes, procedures, and protocols of internal audit – the Philippine Government Internal Audit Manual (PGIAM) – came out only in 2011.

Recently, the Commission on Audit issued new Frameworks for Internal Audit and Internal Control, taking into account international standards, best practices, and the PGIAM.

The big question is, with these Frameworks, will internal audit finally gain traction and serve its avowed purposes of making government systems and processes truly effective and responsive, and the management of government’s vast resources truly efficient and graft-free?

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