Institutionalization of the Internal Audit System (IAS), Awareness and Effectiveness Towards Good Governance and Sustainable Development at Pangasinan State University

Abstract

This paper intended to determine the level awareness of PSU personnel on the IAS; its effectiveness in achieving good governance and sustainable development; the perceived problems in the institutionalization of the IAS considering it is the newest Office in the University and the acceptability of policy recommendations to address the perceived problems. One hundred PSU Lingayen employees, constituting 50 teaching and 50 non-teaching personnel participated in this study. The descriptive survey method was employed in data gathering. Findings revealed that the awareness level of employees, both teaching and non-teaching have a low level of awareness especially in terms of plantilla positions and components. Its effectiveness is perceived as low as well considering that awareness level is low. The perceived problems are mostly focused on inadequate information and education; hence awareness level is low. Acceptability of proposed policies to enhance its implementation at PSU. The proponent established that there is a very low level of awareness on the Internal Audit System, hence the corresponding insignificant number of employees perceiving the policy as effective in achieving good governance and sustainable development. They have a clear insight, however on the problems to which low level of awareness and effectiveness can be attributed. The policy recommendations presented to them are highly acceptable. The employees will fully cooperate in supporting the IAS as long as they are knowledgeable on its mandate and benefits to the organization. It is recommended that the orientation of personnel be planned and set; IAS Campus coordinators should be designated; education and information campaign should be intensified; initial baseline assessment should be conducted to identify internal controls in place and the distribution of IEC materials.