BRIEF OF INTERNAL AUDIT

  • Provide independent appraisal of the University’s financial, operational and control activities
  • Report on:
  1. The adequacy of internal controls
  2. The accuracy and propriety of transactions
  3. The extent to which assets are accounted for and safeguarded
  4. The level of compliance with institutional policies, government laws and regulations

University Management work with Internal Audit on a continuing basis to identify areas of potential financial and operational risk that warrant periodic or special review through the development of a year audit plan.

Internal audit can focus on one or more of these aspects:

(1) Financial;

(2) Operational;

(3) Compliance; and

(4) Investigative.

Internal Audit has a direct reporting line to the Audit, Risk and Governance Committee and operationally reports through the office of the Vice Chancellor.