Internal Audit

board Profile

Salmin Yusuph Malole

Head-Internal Audit



Objective

To provide independent and objective services that add value and improve Institute operations in order to accomplish Institute’s objectives through a systematic discipline approach in evaluating and improving the effectiveness of risk management, control and governance processes.

Function

  1. Advise the Accounting Officer on various matters related to performance of Institutional mandates and functions as well as proper management of resources and mitigation of risks in the Institute;
  2. Review and report on proper control over the receipt, custody and utilization of all financial resources of the Institute;
  3. Review and report on conformity with financial and operational procedures laid down in any legislation or any regulations or instructions issued under such legislation and good accounting practice as from time to time defined by Authorities;
  4. Review and report on the correct classification and allocation of revenue and expenditure accounts;
  5. Develop audit procedures to facilitate compliance with international standards;
  6. Review and report on the reliability and integrity of financial and operation data;
  7. Review and report on the systems in place used to safeguard assets and appropriate verification of existence of such assets;
  8. Review and report on operations or programs to ascertain whether results are consistent with established objectives and goals;
  9. Monitor the Institute’s accounting systems and procedures and recommend measures for improvements;
  10. Monitor and control Institute budget performance and report on significant variances;
  11. Reviews annual accounts before submission to External Auditors;
  12. Review and report on the adequacy of action by a management in response to Internal Audit Report;
  13. Review and report on the adequacy of controls built into computerized systems in place in the Institute;
  14. Prepare and implement Strategic Audit Plans;
  15. Conduct performance audits on appraisal of development projects;
  16. Respond to ad hoc request for audit assistance or advice as may be requested; and
  17. Prepare and submit periodic reports to the Accounting Officer/ Audit Committee/ Council or as may be directed from time to time.