1. Core Functions

• Assurance Services: Providing independent evaluations of evidence to deliver objective assessments on governance, risk management, and internal control processes within the university.

• Consulting Services: Offering advisory and related services intended to add value and improve the university’s governance, risk management, and control processes without assuming management responsibility.

2. Scope and Types of Audit Work

• Financial Audit

  • Evaluates the reliability, accuracy, and completeness of financial and accounting records.

  • Ensures compliance with accounting standards, financial policies, laws, and regulations.

• Compliance Audit

  • Reviews operations to ensure adherence to university regulations, Cabinet resolutions, policy guidelines, and applicable statutory requirements.

• Performance / Operational Audit

  • Evaluates the economy, efficiency, and effectiveness of resource utilization and program operations across university departments.

• IT & Special Audit

  • Assesses information technology controls, data integrity, and cybersecurity measures.

  • Conducts special investigations or ad-hoc audits requested by university leadership or the Audit Committee.

3. Internal Audit Process

1. Audit Planning: Developing risk-based annual audit plans, defining scope, and establishing audit programs.

2. Fieldwork & Testing: Gathering data, interviewing staff, inspecting documents, and testing internal controls.

3. Audit Reporting: Documenting audit findings, conducting exit conferences, and submitting audit reports with recommendations to executive management and the Audit Committee.

4. Follow-Up: Monitoring and reviewing corrective action plans implemented by audited units to ensure recommendations are properly addressed.

1. Core Functions

• Assurance Services: Providing independent evaluations of evidence to deliver objective assessments on governance, risk management, and internal control processes within the university.

• Consulting Services: Offering advisory and related services intended to add value and improve the university’s governance, risk management, and control processes without assuming management responsibility.

2. Scope and Types of Audit Work

• Financial Audit

  • Evaluates the reliability, accuracy, and completeness of financial and accounting records.

  • Ensures compliance with accounting standards, financial policies, laws, and regulations.

• Compliance Audit

  • Reviews operations to ensure adherence to university regulations, Cabinet resolutions, policy guidelines, and applicable statutory requirements.

• Performance / Operational Audit

  • Evaluates the economy, efficiency, and effectiveness of resource utilization and program operations across university departments.

• IT & Special Audit

  • Assesses information technology controls, data integrity, and cybersecurity measures.

  • Conducts special investigations or ad-hoc audits requested by university leadership or the Audit Committee.

3. Internal Audit Process

1. Audit Planning: Developing risk-based annual audit plans, defining scope, and establishing audit programs.

2. Fieldwork & Testing: Gathering data, interviewing staff, inspecting documents, and testing internal controls.

3. Audit Reporting: Documenting audit findings, conducting exit conferences, and submitting audit reports with recommendations to executive management and the Audit Committee.

4. Follow-Up: Monitoring and reviewing corrective action plans implemented by audited units to ensure recommendations are properly addressed.

1. Core Functions

• Assurance Services: Providing independent evaluations of evidence to deliver objective assessments on governance, risk management, and internal control processes within the university.

• Consulting Services: Offering advisory and related services intended to add value and improve the university’s governance, risk management, and control processes without assuming management responsibility.

2. Scope and Types of Audit Work

• Financial Audit

  • Evaluates the reliability, accuracy, and completeness of financial and accounting records.

  • Ensures compliance with accounting standards, financial policies, laws, and regulations.

• Compliance Audit

  • Reviews operations to ensure adherence to university regulations, Cabinet resolutions, policy guidelines, and applicable statutory requirements.

• Performance / Operational Audit

  • Evaluates the economy, efficiency, and effectiveness of resource utilization and program operations across university departments.

• IT & Special Audit

  • Assesses information technology controls, data integrity, and cybersecurity measures.

  • Conducts special investigations or ad-hoc audits requested by university leadership or the Audit Committee.

3. Internal Audit Process

1. Audit Planning: Developing risk-based annual audit plans, defining scope, and establishing audit programs.

2. Fieldwork & Testing: Gathering data, interviewing staff, inspecting documents, and testing internal controls.

3. Audit Reporting: Documenting audit findings, conducting exit conferences, and submitting audit reports with recommendations to executive management and the Audit Committee.

4. Follow-Up: Monitoring and reviewing corrective action plans implemented by audited units to ensure recommendations are properly addressed.