Enhanced Internal
Systems
Systems
• Enhanced Internal Systems
The Internal Audit Department was formed in FY2010 to provide independent and objective assurance and recommendations concerning the adequacy and effectiveness of IPOS' operations and systems of control. It works with various departments to conduct financial, compliance and operational audits to evaluate and improve the effectiveness of risk management, control and governance processes in IPOS. The Internal Audit Department adopts and conforms to The Institute of Internal Auditors’ Standards and Code of Ethics.
IPOS migrated successfully to Alliance for Corporate Excellence (ACE) on 1 April 2010. ACE is an initiative led by the Ministry of Finance to facilitate greater collaboration among government agencies by streamlining different corporate administrative systems from 11 statutory boards into a single SAP Enterprise Resource Planning platform. This demand aggregation approach ensures greater economies of scale which in turn saves time and cost for the organisation.
IPOS was presented a Merit Award for Technology at the Knowledge Management (KM) Excellence Awards in November 2010. The award recognises good KM practices in Singapore and supports the collective learning of the KM community through the sharing of good, impactful KM practices.
The Internal Audit Department was formed in FY2010 to provide independent and objective assurance and recommendations concerning the adequacy and effectiveness of IPOS' operations and systems of control. It works with various departments to conduct financial, compliance and operational audits to evaluate and improve the effectiveness of risk management, control and governance processes in IPOS. The Internal Audit Department adopts and conforms to The Institute of Internal Auditors’ Standards and Code of Ethics.
IPOS migrated successfully to Alliance for Corporate Excellence (ACE) on 1 April 2010. ACE is an initiative led by the Ministry of Finance to facilitate greater collaboration among government agencies by streamlining different corporate administrative systems from 11 statutory boards into a single SAP Enterprise Resource Planning platform. This demand aggregation approach ensures greater economies of scale which in turn saves time and cost for the organisation.IPOS was presented a Merit Award for Technology at the Knowledge Management (KM) Excellence Awards in November 2010. The award recognises good KM practices in Singapore and supports the collective learning of the KM community through the sharing of good, impactful KM practices.
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