Difference in Opinion

Any material  differences  in opinion between the audited unit and the directorate of internal audit on any audit issue should be referred to the Vice Chancellor for  consideration, and  if the difference is not resolved  should be escalated to the Audit committee and  the University  Council. It should  be noted  that  the directorate  of  internal audit  provides  an independent view of key risks and as such,  if management  is willing to accept key risks within their portfolio,  this acceptance  of risk shall be documented  and discussed  at the Audit Committee meeting.