The Internal Audit Department is to provide reasonable assurance and consultancy in order to add value as well as improve the Authority’s operations and internal control systems The Department assists the Authority to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
To ensure independence, the Internal Audit Department reports functionally to the Advisory Board of the Authority through the Audit Committee and, administratively to the Director General.
The department has since been able to help in constitution of the Audit committee which is headed by a member of the Advisory Board who is an expert in financial matters as required by the relevant Treasury Circular.
Other achievements include:
- Development of the internal Audit charter
- Development of the Audit Committee charter
- Corporate Governance training to the Audit committee Members.
- The department is currently preparing an Audit Manual and a Risk Management Manual.