Para 17.3 — CAM

17.3 DUTIES OF IA The duties of the IA Wing, shall not be limited to, but will include the following:

(i) Prepare annual and quarterly plan to conduct IA

(ii) Facilitate preparation of risk registers and risk matrix of the Departments/ Grantee institutions

(iii) Study of accounting procedures prescribed for the department with a view to ensuring that they are correct, adequate and free from any defects or lacunae;

(iv) Watch over the implementation of the prescribed procedures and the orders issued from time to time;

(v) Scrutiny and check of payments and accounting work of the accounting units;

(vi) Review the system generated reports used for receipts,payments and accounts to test check their authenticity with reference to related copies of supporting documents like vouchers, registers etc, and to suggest improvement in the IT processes;

(vii) Examining the banking system to suggest improvement in the payment processes;

(viii) Examining the fund flow and cash flow mechanisms to suggest better fund management

(ix) Investigation of important areas and gaps in accounting and other connected records;

(x) Coordination with other Ministries and CGA on the IA procedures;

(xi) Coordination with the States and UTs for proper Internal Audit of Centrally Sponsored Schemes

(xii) Periodical review of all accounts records;

(xiii) Pursuance/settlement of objections taken in test audit notes issued by statutory audit offices and other matters relating to statutory audit;

(xiv) Examine and report on points or irregularities brought to its notice by the Principal Accounts Offices/Pay and Accounts Offices; and

(xv) Preparation and submission of ‘Annual Review’ on performance of IA Wing to the CGA.

17.3.2 Duties of Chief Audit Executive as per New Charter: Roles and responsibilities of Head of Accounting Organization i.e. Pr.CCAs/CCAs/CAs(i/c) as the case may be, relating to IA/Risk Based Audit are specified in para 1.3 of this Manual. Para 18.11 of Charter for FAs provides that FA shall vet the annual internal audit plan of the Department prepared by CCAs before submission to Secretary of the Department for approval.