The Internal Audit Unit (UAI for its acronym in Spanish) depends on the Board of Director of Fábrica Argentina de Aviones “Brig. San Martin” S.A. Functionally, they report to the National Auditing Commission or Sindicatura General de la Nación (SIGEN for its acronym in Spanish).
The tasks are performed in compliance with the requirements of Act 24.156 of Financial Administration and Control Systems for the national public sector and its E.O. N° 1344/07.
SIGEN standards
- Disposition 152/2002 – Government Internal Audit Standards.
- Disposition 390/2019 – Internal Auditor in charge – position description.
- Disposition 73/2010 – Follow-up system for reports and findings.
- Disposition 37/2006 – Minimum internal control standards for good governance in Government Owned Corporations.
- Disposition 3/2011 – Government Internal Control Manual.
Goals
- To provide an opinion about the effectiveness of the organization’s internal controls.
- To be able to provide a conclusion regarding the effectiveness and attainment of goals and compliance with standards.
- To report the result of management regarding the economy, effectiveness and efficiency goals.
- With respect to findings, to try to identify their root causes, and make recommendations to promote compliance of procedures and establishing acceptable practices.
- To provide the auditee the opportunity to prevent risks or potential problems and correct the findings, to contribute systematically to continuous improvement.
- Based on Risk Management methods, the Annual Audit Plan is prepared, and it must be approved by the Board of Directors and SIGEN.
The National Auditing Commission publishes Audit reports for Internal Controls Assessment and Control Reports, for FAdeA’s audits.
To read them, you should access www.sigen.gob.ar or submit your written request at National Auditing Commission (Sindicatura General de la Nación), Av. Corrientes 381/9, C1043AAD, Ciudad Autónoma de Buenos Aires.