Variable | Item | Component | |||
1 | 2 | 3 | 4 | ||
Internal Auditors’ Professional Competence | Management ensures staff understands their accountabilities. | 0.842 | |||
Management ensures staff understands their duties | 0.802 | ||||
Management ensures staff understands their responsibilities. | 0.791 | ||||
Management has to confirm if reports that provide the details of the payroll amounts charged to the department’s accounts are compared to the approved copy by someone who did not prepare the both reports. | 0.766 | ||||
Management confirms reconciliation is performed by someone/unit outside of the payroll function | 0.763 | ||||
Management has to confirm if reports that provide the details of the payroll amounts charged to the department’s accounts are reviewed to the approved copy by someone who did not prepare the both reports. | 0.734 | ||||
Management confirms access to the master payroll file or payroll production database is limited to employees authorized to make changes | 0.626 | ||||
Payroll records are protected from destruction | 0.615 | ||||
Management confirms logical access to payroll applications controlled by passwords. | 0.605 | ||||
Payroll expenditures reviewed by an authorized signatory prior to the payroll cycle. | 0.592 | ||||
Control Environment | Auditors confirm the accuracy of the changes like salary increment made in the system | 0.685 | |||
Auditors confirm whether reconciliation between actual salary payments to the Ministry’s/LG’s supporting schedule was done | 0.682 | ||||
Auditors confirm proof of qualifications of the employees by inspection of the system personnel files | 0.665 | ||||
Auditors confirm the accuracy of the changes like removal of the retirees in the system | 0.622 | ||||
Auditors confirm invalid changes like salary increment by making comparison between salary data sheet and the system | 0.594 | ||||
Auditors confirm the validity of appointment of the new employees by inspection of personnel files. | 0.587 | ||||
Auditors confirm invalid changes like salary scale by making comparison between salary data sheet and the system | 0.581 | ||||
During strategic planning, auditors have to plan their work in such a manner that any material misstatements in the financial statements can be identified. | 0.571 | ||||
Auditors confirm that the funds allocated for personnel by the ministry of Finance agree to supporting schedules. | 0.558 | ||||
Auditors investigate significant differences on the amount spent to previous months to the current. | 0.507 | ||||
Risk-based Internal Audit | Personnel records are safeguarded to prevent unauthorized access | 0.788 | |||
Personnel records are safeguarded to prevent the preparation of fictitious records | 0.779 | ||||
The amount of salary for each of the employee are approved by the management | 0.641 | ||||
Management ensures that changes to the payroll file or database is approved by someone other than the person making the change. | 0.631 | ||||
Payroll records are protected from theft | 0.546 | ||||
Payroll expenditures approved by an authorized signatory prior to the payroll cycle | 0.575 |