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