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Office of Internal Audit

Office of Internal Audit

The mission of OIA is to provide independent and objective assurance and consulting services designed to add value and improve the University’s operations in its pursuit of excellence in education, research and service.

It helps the University to achieve the following objectives by providing a systematic, methodological and disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes:

  • Organisational goals
  • Effective identification and management of business and operational risks
  • Formulation of effective policies and procedures to support operations
  • Maintenance of financial and operating systems that provide accurate, reliable and timely information
  • Efficient asset management to ensure economic usage and safeguard
  • Compliance with University’s policies, procedures, laws and regulations

Reporting Structure and Functional Teams

OIA Reporting Functions

Roles & Responsibilities

OIA’s role is to determine whether the University’s (inclusive of its controlled entities) network of risk management, control and governance processes, as designed and represented by management, is adequate and functioning.

Independence and Objectivity

OlA reports directly to the Audit Committee, which has the authority to promote independence and to ensure broad audit coverage, adequate consideration of audit reports and appropriate actions taken on audit recommendations.

Authority

OIA is authorized to have full access to information and records (manual, electronic or otherwise), physical properties, resources and personnel relevant to the subject under review at all times and has the liberty to determine frequencies and timing of audits and the scope of work to accomplish the audit objectives.

Standards

All engagements performed by OIA are conducted in conformance with the International Standards for Professional Practice of Internal Auditing and Standards for Information Systems Auditing set by The Institute of Internal Auditors and Information Systems Audit and Control Association respectively.

Code of Ethics

We abide by the Institute of Internal Auditors Code of Ethics. OIA will apply, uphold and ensure that every action and decision we make is grounded in the core principles of integrity, objectivity, confidentiality and competency at all times.