The Internal Audit Division is responsible for providing assurance on the Board’s internal control systems, risk management framework and the governance structure

Internal Audit functions entail;

  • Develop, implement and review internal audit policies, standards, guidelines, procedures and programs in line with the relevant regulations;
  • Provide secretariat to the Audit committee;
  • Formulate and coordinate the implementation of internal audit policies, strategies and plans;
  • Prepare internal audit reports;
  • Conduct scheduled, ad hoc and special audits and investigations;
  • Establish and implement systems in accordance with auditing standards;
  • Undertake risk based and systems audit to strengthen internal control mechanisms;
  • Provision of independent assurance on risk profiling and management process on both design and operation;
  • Review correctness and accuracy of accounting reports;
  • Liaise with the external auditors on audit matters;
  •  Review and evaluate the Board’s management systems and operations;
  • Assurance on risk control effectiveness, efficiency and adequacy and risk management processes; and
  • Prepare the annual audited report for the Board.