Internal Audit Unit

VISION OF THE DEPARTMENT

To collaboratively manage risks

Assist the management and Board of Directors in executing their responsibilities effectively through analysis and proposals as well as providing advice and information regarding all activities reviewed

• Conduct audits and produce an Audit Observation Report within ten (10) working days
• Conduct Statutory Audits and produce annual financial statements for the Fishermen’s Association, for an audited financial year within 14 working days.
• Issue a Registrar Approval Letter for audited accounts of the Fishermen’s Association within 20 working days.
• Conduct Review Audits and produce audit observations within 35 working days.
• Conduct investigations and produce an investigation report within 90 working days.
• Present the Annual Internal Audit Plan and the Annual Internal Audit Report which are approved by the Director General to the Malaysian Treasury latest by 31 January of the current year, whereas the Annual Internal Audit Report must be presented the latest on 31 March of the following year.

• Manage and coordinate the Internal Audit Division Annual Work Target on LKIM and its projects as well as its subsidiaries.
• Monitor and review audit reports prepared pertaining LKIM, its projects and subsidiaries.
• Review and conduct evaluation on management and financial systems as well as control in the Divisions, State LKIM Office, LKIM projects and subsidiaries to ensure that they are fully effective and economical.
• Prepare reports and working papers, as well as becoming the secretariat to the LKIM Audit Committee Meeting and Audit Investigation Committee.
• Prepare and coordinate Internal Audit Division Budget Estimate.
• Prepare and coordinate the Internal Audit Report Division Annual Plan and Annual Report for approval by the Director General and LKIM Audit Committee before it is presented to the Treasury.
• Attend weekly management meetings chaired by the Director General and other committee meetings when elected at the LKIM level.

• Manage and coordinate the Annual Work Target of the Internal Audit Division on the Fishermen’s Association, its projects and subsidiaries.
• Monitor and review audit reports pertaining the Fishermen’s Association, its projects and subsidiaries.
• Review and conduct evaluation on management and financial systems as well as control in the Fishermen’s Association, its projects and subsidiaries to ensure that they are fully effective and economical.
• Prepare reports and working papers, as well as becoming the secretariat to the Fishermen’s Association Audit Committee Meeting and Audit Investigation Committee.
• Manage and execute Statutory Audits on the Fishermen’s Association
• Revise and monitor the issuance of Registrar Approval on audited financial statements of the Fishermen’s Association.
• Collaborate with the Registrar and LKIM Management in ensuring all regulations, policies and orders issued are adhered to from time to time by the Fishermen’s Association.