IAA IS READY TO IMPLEMENT GOVERNMENT'S PERFORMANCE MANAGEMENT AND COMPLIANCE SYSTEM.
MONROVIA- The Director General of the Internal Audit Agency, David A. Kemah, has announced that his agency is in full readiness, to effectively implement the Performance Management and Compliance System , recently launched by the Liberian government.
Mr. Kemah disclosed that the IAA will align its activities with the new strategy, to ensure how performance is measured and monitored..
“The Performance Management and Compliance System, is a new strategy introduced by the Liberian Government to foster transparency, accountability, and Good governance in Liberia, and we have carved a plan to help the government achieve its vision”, stressed DG Kemah.
He made the disclosure over the weekend at the end of a planning retreat of the Executive Management Team of the Internal Audit Agency outside Monrovia.
The head of the IAA also said at the official opening of the retreat, that his goal, is to see efficiency enhanced at the agency , to influence changes in some policies of the government.
Mr. Kemah, among other things, hopes that at the end of the retreat, the Agency will have a standardized reporting process between Departments like Audit Services and Special Audits, as well as Administration , Timeline for reporting, Performance measurements, quarterly evaluation of accomplishments, and evaluation of impacts at public sector entities.
The retreat was held under the theme: “Think, Team, and Tactics(3Ts) for a Professional, Innovative, Efficient, Effective, and Customer-focused Institution”.
The Agency has gone two years into implementation of the strategic plan and the retreat was held to conduct a positional analysis of the five-year corporate strategic plan to determine achievements, challenges, opportunities, future plans, required resources and strategies for the next two years.
The plan contains four strategic goals: Professional Institution, Automated Processes and Systems, Effective Service Delivery and Effective Stakeholder Engagement.
Upon completion of the Retreat, IAA’s Executive Management envisages that the following outcomes will be realized.
They are:
Accurate, clear, consistent and realistic goals and objectives that aligned with the IAA’s mandate, responsibilities and functions.
Clear, effective and realistic performance targets and performance indicators at institution, department, operating unit and individual levels.
Enhanced teamwork and unity of purpose at all levels across the Agency.
Well-branded institution with accuracy, clarity and consistency in representations.
Adoption and implementation of wholistic stakeholder’s approach to planning, executing and reporting on strategic, tactical and operational activities.
Adequate, proper and secure document and record management system across the Agency.
Effective risk management system and compliance with Executive Management directives and professional standards across the Agency.
Enhanced employees’ morale and engagement through a renewed sense of purpose and direction.
Meeting stakeholders’ expectations, Special Audits strategy and methodology and strategy for conducting government wide risks , among others.
The IAA’s Executive Management retreat, which is the first of several events earmarked to properly plan for the ensuing year, commenced on Thursday, December 5th, 2024 and climaxed on Saturday, December 7, 2024.
IAA is a public sector audit institution enacted into law in November 2013.
The Agency has the mandate to establish, direct and control internal audit functions in all public sector entities in Liberia.
It is responsible for promulgating policies, standards and procedures that guide the practice of internal auditing and internal auditors in the public sector of Liberia.