Internal Audit – FAQ

The Institute of Internal Auditors defined the internal audit as independent, objective assurance and consulting activity designed to add value and improve an organisation’s operations.  It helps an organisation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance process.

The internal audit considers whether the existing practices are helping the University manage its risks and meet its strategic objectives – it can cover operational as well as financial matters.
The Internal Audit Unit is uniquely qualified to assist Directorates/Departments and has extensive exposure to different Directorates/Departments, which provides them with an opportunity to relate their experience to any Directorate/ Department that is being audited.

The Internal auditors report internally. Relevant managers will usually receive copies of reports with recommended corrective actions. Ultimately internal auditors report to the audit committee (if there is one) or the Board.

The Internal audit followed up on a case by case basis. It can include looking to see whether recommendations have been implemented and/or consultative help to guide the implementation of previously given recommendations.

The Internal audit followed up on a case by case basis. It can include looking to see whether recommendations have been implemented and/or consultative help to guide the implementation of previously given recommendations.

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