Continuous Audit Process

The primary focus of Continuous Audit Process by PICA is to put systems and frameworks in place over finance and spending of government revenue. Our goal is to maximize the utilization of the resources through continuous assurance, so as to ensure that requirements for improved efficiency, effectiveness and accountability are met….

Personnel Cost

Review the accounts and transactions in the payroll and personnel cycle. Learn more

Overhead Cost

Evaluate pattern of spending to determine expenditure items are in line.  Learn more

Revenue Accounting

Review of revenue generated by MDAs versus Budget target.             Learn more

Debt Servicing

Verify compliance with loans schedules,  repayments and interest due on debt servicing.    Learn more

Capital Expenditure

Review  planning, maintenance, compliance & growth of capital  budgeted expenditures. Learn more

Assets Accounting

Conduct physical verification of MDAs’ Assets and reports on findings.

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Our Approach & Achievements

The Presidential Initiative on Continuous Audit (PICA) was set up by the Federal Government in March, 2016 with a mandate to validate controls, assess risks, prune personnel cost, ensure compliance with public financial management reform, detect errors and making recommendations to management for necessary actions.

 

  • Audit
  • Recovery
  • Reductions
  • Verification
  • Assurance
  • Automated CAP

CONTINUOUS AUDIT ENQUIRIES