Treasury Internal Audit Framework Revised ... - National Treasury

Introduction
1 Introduction
1.1 Background
The National Treasury developed the Internal
Audit (IA) Framework during the 2003/2004
financial year. The Framework derives its
mandate from two legislations namely, the
Public Finance Management Act, (Act No. 1 of
1999 as amended by Act 29 of 1999)
(PFMA), and the Municipal Finance Management
Act, (Act No. 56 of 2003) (MFMA). The
OAG received requests from internal auditors
in the Public Service for the framework to be
updated. The update therefore is in view of the
following:
• To increase its relevance and user
friendliness in general;
• To reflect developments in the discipline
of internal auditing;
• To be expanded such that it includes
practical implementation that relate to
the different spheres of government; and
• To include best practices and guidelines
identified.
The reviewed Framework is intended to,
amongst others:
• Be simple for users to understand;
1 Internal Audit Framework