Ministry of Finance and Public Enterprises
Ministry of Finance and Public Enterprises
Republic of Maldives
Bandeyri Pay
Bandeyri Vendor Service
Public Finance Regulation Reader
Bandeyri Portal (egov)
Neelan Portal (egov)
About Us Minister Executives National Pay Commission Careers Contact Us
National Budget Treasury Debt Management Public Enterprises Legislation PFM Reform Internal Audit Revenue Policy
Recent Tenders Procurement Regulation Awarded Projects Debarred List Procurement Plan
Statistical Releases Reports and Analyses Occasional Publications
MCGP AIIB - RBL M-ESCS
Press Releases News Announcements Speeches Resources Gallery Press Materials Right to Information
  1. Home
  2. Internal Audit Committee
Internal Audit Committee
17 February 2026 Share Tweet
State Internal Audit Committee, consisting of 7 members, was established under Public Finance Regulation (February 2017) to verify the reliability of Public Financial Statements, Public Bank Account and Public Funds operated in the name of the State along with establishing a system by which they can identify the risks (adverse effects to financial operations) in various operations of Public Offices and verify whether public properties and monies, accounting records of public properties and monies and the supporting documents of the accounting records are been maintained in accordance with the Public Finance Regulation.

The committee was formed by Minister of Finance on 28th February 2019. 

Committee members are given an allowance of MVR 1500 per sitting with a ceiling set as MVR 6000 per month.



Members of State Internal Audit Committee

  • Ali Faris Mohamed

    Chairperson

  • Yoosuf Waheed

    Vice Chairperson

  • Uza. Aminath Sana

    Committee member

  • Aminath Naheen Ahmed

    Committee Member

  • Fathimath Sana

    Committee member

  • Hussain Abdul Waahid

    Committee member

  • Nazneen Sameeu

    Committee member

Documents:

Internal Audit Competency Framework

SIAC Annual Report 2024

SIAC Annual Report 2023

SIAC Annual Report 2022

SIAC Annual Report 2021_v3

Guidline for Audit committees (1st Revision 21012021)

State Internal Audit Committee Charter

Competency Framework for Internal Auditors

Internal Audit Quality Assessment


SIAC Advisory