Internal Audit Unit

The Internal Audit Unit is responsible for internal control of all Institutes’ transactions, investigate and report on alleged violations of financial regulations or mismanagement of funds and assets. It shall also advise the Director General on all financial and non-financial related matters. Review and report on proper control over the receipt, custody and utilization of all financial resources of the Authority; Review and report on conformity with financial and operational procedures laid down in any legislation or any regulations or instructions for control over the expenditure of the TPRI; Review and report on the correct classification and allocation of revenue and expenditure accounts; Develop audit procedures to facilitate compliance with international standards; Review and report on the reliability and integrity of financial and operation data and other reports; Review and report on the systems in place used to safeguard assets, and verify existence of such assets; Review and report on operations or programs to ascertain whether results are consistent with established objectives and goals;

Review and report on the reactions by the management to internal audit reports, and assist management in the implementation of recommendations made by reports and follow-up on the implementation of recommendations made by the Controller and Auditor General; Review and report on the adequacy of controls built into computerized systems in place in the TPRI; Prepare and implement Strategic Audit Plans; and conduct performance audits on appraisal of development programmes.

AUDIT UNIT:

Activities

(a)  Provide annually an assessment on the adequacy and effectiveness of the organization process on controlling its activities;

(b)  Report quarterly on significant issues related to the process of controlling the activities of the institute;

(c)  Coordinate with and provide oversight of other control and monitoring functions ( risk management, compliance, security, legal, ethics and external audit);

(d)  Develop a flexible annual audit plan;

(e)  Maintain professional audit staff with sufficient knowledge, skills and experience to meet the requirements of the Institute;

(f)  Evaluate and assess significant consolidated functions and new or changing services;

(g)  Issue audit report to the Director General and summarizing results of the audit activities;

(h)  Keep the audit committee of the imaging trends and successfully practices of the internal auditing;

(i)  Assist in the investigation of significant suspect fraudulent activities within the Institute and notify management and audit committee of the result;

(j)  Perform consulting services beyond Internal audit assurance services, to assist Management in meeting its objectives.