DIRECTORATE OF internal audit
Internal Audit Unit
The Unit is responsible for performing regular checks on the accuracy of accounting records throughout the University while ensuring compliance to Financial and Accounting regulations
Our Roles
- Ensure that financial procedures throughout the University comply with University financial regulations and that the limits of authority on all matters involving finance are adhered to;
- Examine and evaluate the adequacy and effectiveness of the internal control systems at various operations and activities of the University;
- Review and appraise the application and effectiveness of risk management procedures and risk assessment methodologies at various operations and activities of the University;
- Review and appraise management and financial information system, including electronic information system;
- Review the accuracy and reliability of the University accounting records and financial reports
- Review the University information technology;
- Test both transactions and functioning of specific internal control procedures at various Directorates and Units;
- Evaluate effectiveness of existing policies and procedures and advice accordingly;
- Maintain a regular check on the accuracy of accounting records throughout the University and on the observance of standard practices and procedures;
- Carry out both regular and random investigations of academic and administrative departments accounts;
- Carry out any forensic audit as directed by Management or the Audit Committee-
- Monitor the implementation of all internal and external audit recommendations;
- Develop risk management policy and risk register and oversees their implementation;
- Carry out such value for money audits of all University procurements and investments
- Audits any other activities that are part of the core functions of the University;
- Carry out special audit investigation assigned by the Audit Committee and University Management; and
- Review and evaluate internal controls systems security arrangements within the systems and make appropriate recommendations.