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Internal Audit Department

The Internal Audit function is guided by the Institute of Internal Auditors (IIA) definition of Internal Auditing which states that it is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps the Commission accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

The scope of Internal Audit department encompasses the examination and evaluation of the adequacy and effectiveness of the organization's governance, risk management process, system of internal control structure, and the quality of performance in carrying out assigned responsibilities to achieve the Commission's stated goals and objectives.

The department has an Internal Audit Charter that defines the department’s purpose, authority, and responsibility.

Its key objectives are:
  1. Reviewing of Commission’s internal processes and controls to determine their effectiveness in risk management.

  2. Reviewing the reliability and integrity of financial and operating information. 

  3. Reviewing the Commission’s management actions and systems are in compliance with policies, standards, procedures and applicable laws and regulations.

  4. Ensuring the Commission’s resources are used economically, efficiently, effectively and assets are properly accounted for and adequately protected.

  5. Ensuring adequate controls are employed to ensure services deliver value for money.

  6. Supporting the Commission Internal Audit Committee and liaise with external auditors.