MISSION:  "TO SAFEGUARD PUBLIC FUNDS AND ASSETS FROM MISUSE AND ENSURE THAT REGULATIONS (FINANCIAL AND STORES) AND LAWS (CAP 79) GOVERNING THE USE AND CUSTODY OF PUBLIC FUND AND STORES ARE STRICLY ADHERED TO".

Section 14 of the Public Finance (Control and Audit) Act gave the Honorable Minister for Finance the responsibility to supervise the Finances of the Government. In the discharge of those duties, the Minister shall make sure that regulations are followed and shall be entitled to inspect offices.

The Minister has delegated that responsibility to the Secretary who in turn delegated it to the Internal Audit.
Because of the delegations mentioned above, the Internal reports to the HMFED through the SFED.

REPOSNIBILITIES

The main responsibilities of the Internal Audit division therefore are:

1. Ensure safeguard of Public Funds and Assets
2. Ensure that regulations and Laws are followed
3. Where necessary, provide advice to Output Managers over budgets and 
4. Carry out investigations into alleged fraudulent activities

The above are carried out through Internal Audit inspections at all Government offices and at outer islands State Fund accounts.

Another important task carried out by the Internal Audit is Stock Verification. This task is carried out through an Annual Stock verification program by the Assistant Internal Auditor (also known as Stock verifier).

The Internal Audit division is deemed to be independent from all other divisions of the MFED and is manned by a Senior Internal Auditor, three Internal Auditors and an Assistant Internal Auditor. Internal Audit inspections are routinely carried by the SIA and IAs and include trips to outer islands, the Linnix and the Kiribati High Commission in Fiji including other inspection of Kiribati Missions in Taiwan and New York.