Scope and Duties of The Directorate Of Internal Audit

The Director of Internal Audit

The Director of Internal Audit shall be the Chief Audit Executive of the University. S/he shall superintend over all Directorate of Internal Audit staff. S/he shall ensure that the conduct of Internal Auditing activities are done in accordance with all relevant regulations.

The Scope of Internal Audit

The scope of the Directorate of Internal Audit shall encompass, but not limited to, the examination and evaluation of the adequacy and effectiveness of the organisation's governance, risk management, and internal controls as well as the performance of assigned responsibilities to achieve the organisation's stated goals and objectives.

Responsibilities of the Director of Internal Audit

The Director of Internal Auditor is directly responsible to the Vice-Chancellor in the performance of his/her duties. The functions of the Director of Internal Audit are as follows:

  1. Evaluating risk exposure relating to achievement of the organisation's strategic objectives

  2. Evaluating the reliability and integrity of information and the means used to identify, measure, classify, and report such information

  3. Evaluating the systems established to ensure compliance with those policies, plans, procedures, laws, and regulations which could have a significant impact on the organisation

  4. Evaluating the means of safeguarding assets and, as appropriate, verifying the existence of such assets

  5. Evaluating the effectiveness and efficiency with which resources are employed

  6. Evaluating operations or programms to ascertain whether results are consistent with established objectives and goals and whether the operations or programms are being carried out as planned

  7. Evaluating the quality of performance of external auditors and the degree of coordination with Directorateof InternalAudit

  8. Monitoring and evaluating governance processes

  9. Monitoring and evaluating the effectiveness of the organisation's risk management processes

  10. Performing consulting and advisory services related to governance, risk management and control as appropriate for the organistion

  11. Reporting periodically on the Directorate of Internal Audit activity's purpose, authority, responsibility, and performance relative to its plan

  12. Reporting significant risk exposures and control issues, including fraud risks, governance issues, and other matters needed or requested by University Management

  13. Evaluating specific operations at the request of the Board or Management, as appropriate

  14. Providing assurances to the University Council through the Vice-Chancellor about the effective application of control measures put in place by Management and the adequacy of such control processes.