The Unit Is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
The primary objective of Internal Audit Unit is to examine and evaluate whether the Council’s design of risk management, internal control, and governance processes, is adequate and are functioning properly.
In addition, the objectives of Internal Audit unit include advising and recommending to Management for improvements in internal control system and risk Management systems.
The Internal Audit Unit will give recommendations on the areas of improvement based on the analyses, examinations, and appraisals on the specific and general transactions that form the Council’s business processes in its normal course of its operations. The Internal Audit Unit shall promote effective controls and sound business practice at a reasonable cost. The format and detail of the information reported by the Internal Audit Unit may vary depending upon the intended purpose and nature of the individual and specific assignment.
The mission of Internal Audit articulates what internal audit aspires to accomplish within an organisation. The mission of internal audit as stated in the International Professional Practices Framework (IPPF) 2017 Edition is to:
‘Enhance and protect organizational value by providing risk-based and objective assurance, advice and insight.’