The Philippine Government Internal Audit Manual (PGIAM) was developed to help operationalize the provision of the NGICS. It provides details on the nature and scope of internal audit in the Philippine public sector, including the institutional arrangement of the internal audit function, as well as the protocols and processes for the conduct of internal audit.
The PGIAM is divided into two parts.
The first part, the Philippine Government Internal Audit Manual Part I Guidelines (PGIAM), outlines in the basic concepts and principles of internal audit, and the policies and standards that will guide government agencies in organizing, managing, and conducting an effective internal audit. It is composed of (4) chapters.
Chapter 1 - Concepts and Principles of Internal Audit
Chapter 2 - Institutional Arrangement
Chapter 3 - Organizing the Internal Audit Function
Chapter 4 - Performance Assessment and Quality Assurance
The second part, the Philippine Government Internal Audit Manual Part II- Practices (PGIAM 2), contains tools, techniques, and approaches that will facilitate the conduct of internal audit activities. It is composed of five (5) chapters representing the major steps in conducting internal auditing.
Chapter 1 - Strategic and Annual Work Planning
Chapter 2 - Audit Process
Chapter 3 - Management Audit
Chapter 4 - 4Es or Performance Audit
Chapter 5 - Internal Audit Service Performance Evaluation
The PGIAM Part II serves as friendly too to internal auditors in the performance of their functions of appraising the internal control system of the public entities against strategic objectives, and conducting the management and performance audit.
The Manual will guide the internal auditors on how to identify and prioritize potential audit areas perform the appraisal, as they progress in the internal audit process from strategic planning to follow up of the recommendation. It describes the logical procedures from one activity to another coupled with templates, when necessary, to facilitate a structured and systematic approach audit.