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Internal Audit

Internal Audit is a control that functions by examining & evaluating the adequacy & effectiveness of other controls throughout the organisation. The internal audit activities should include all payment audit as well as independent appraisals of the financial, operational & control activities of the programme. The responsibilities of the internal auditor should include reporting on the adequacy of internal controls , the accuracy &propriety of the transactions , the extent to which assets are accounted for & safeguarded ,& the level of compliance with SSA financial norms & state government procedures.

The system of financial monitoring would also be important in developing demystified community based approaches that allow for social audit. All financial monitoring has to work within a system of social monitoring with full transparency . Joint training programmes for auditors, community leaders, teachers etc. to understand and appreciate the context of universal elementary education would be taken up under the Sarva shiksha Abhiyan.

The state implementing Society should introduce proper internal audit system & strengthen internal checks & in-house internal audit system to ensure proper utilisation of funds approved in the AWP&B

In states where in-house internal audit team is not available, qualified Chartered Accountants firm may be engaged for carrying out internal audit.

SSA Karnataka has engaged four empanelled chartered Accountants. They are M/s Holla &co for Bangalore zone .M/s Srihari &co for Mysore Zone .M/s Y.C.K associates for Belgaum Zone. M/s M.V.Reddy& co for Gulbarga Zone. Up to 2008-09 intenal audit is completed. However during 2010-11 the internal audit for the year 2009-10 will be completed by august 2010. From September onwards internal audit will be concurrent.