CHIEF INTERNAL AUDITOR’S WELCOME NOTE

Chief Internal Audit, MR E Badza

Let me welcome you to the department of Internal Audit. The department falls under the Vice Chancellor’s office. It contributes immensely to the University through carrying out independent, objective assurance and consulting reviews across the University to add value and improve its operations. It helps the University to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance process.

Internal Audit is integral for sound corporate governance and risk management. It is important that internal audit customers (schools and departments) through out the University understand the value that internal auditors bring to their operations by enhancing efficiencies and effectiveness.

Through assurance and consulting roles, internal auditors possess a good and objective understanding of the culture, system of internal control, operations and the business of the institution. It helps management to establish and maintain the best possible internal control environment within the institution.

Sound internal control environment is ensured through:

• The adequacy and effectiveness of the system of internal control.
• Compliance with laws, regulations, contracts, policies, procedures, guidelines and rules.
• The detection of frauds, errors, omissions and any other irregularities.
• The reliability and integrity of operational and financial information.
• The effectiveness and efficiency of operations
• The safeguarding of the University assets

Internal auditors further contribute to the institution through promoting good governance processes achieved by evaluating and improving the process through which:

• Values and goals are established and communicated.
• The accomplishment of goals is monitored.
• Accountability is ensured.
• Values are preserved.

The department boasts by identifying, evaluating and monitoring significant exposures of the institution to risks and contributes to their improvement through assessing efficiency and effectiveness of risk management, control and governance processes and make recommendations.