Internal Audit Responsibility

The primary role of the Directorate  of Internal Audit is to provide independent, objective assurance and consulting services designed to add, value and improve the effectiveness of the University's governance, risk  management and  internal  control. It is internal audit's responsibility to provide an independent and  continuous risk-based appraisal of the University's functions to ensure that the University's systems and processes of controls  are, adequate and effective in achieving University objectives, and to assist. Management and the University Council in fulfilling their responsibilities relating to good governance.

The scope  of work for the internal  audit therefore encompasses the following  assigned responsibilities:

• Review the University units at appropriate intervals   to determine whether the internal controls are efficiently and effectively executed  in accordance with the University   instructions, policies and procedures,  and in a manner  that  is consistent  with both the University's objectives   and  high standards   of  administrative practice.
• Evaluate  the effectiveness, efficiency  and economy  of operations and   recommend    appropriate    solutions    and   opportunities     to improve operating  performance.
• Review  the system  for generating  financial  information,   and the reliability  and integrity  of financial  statements   and other  related accounting  and financial  information
• Conduct  system  audits  to ascertain  the effectiveness   and appropriateness    of  the  internal   control   environment.    Evaluate the effectiveness  of the enterprise  risk management   practices  and procedures.
• Carry out compliance reviews to confirm conformance with University policies, instructions, and applicable legislations and regulations.
• Conduct reviews  on  resource  acquisition, deployment, utilization disposal and whether  there are appropriate and adequate arrangements for safe custody  of University  assets.
• Review the  monthly, quarterly   returns  and  any  other  related information    required  by the Government ministries, the Accountant General, and Internal  Auditor  General  as applicable.
• Prepare  and submit  the quarterly  audit  reports  and work plans  to the Internal  Auditor  General.
• Perform special audits and investigations as may be requested by the Audit Committee Management  and any other competent authority.