Internal Audit Department |

Adding Value Across Board

Internal Audit Department

About Us

Key Functions of the internal Audit Department

Internal auditing is an independent, objective, assurance and consulting activity that adds value to and improves the Universities operations. It helps the institution to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes .

Mission

"To provide dynamic leadership for the global profession of internal auditing. To Promote Internal Audit Profession, Protect the Interests of the Members and to Enhance Integrity, Relevance and Standards of the Internal Audit Profession in Kenya"

Vision

"To Facilitate Development of Corporate Governance in the Public and Private Sector Organizations in Kenya by Improved Financial Discipline and Control"

INTERNAL AUDIT CORE VALUES

Integrity

The integrity of internal auditors establishes trust and thus provides the basis for reliance on their judgment

Objectivity

Internal auditors exhibit the highest level of professional objectivity in gathering, evaluating, and communicating information about the activity or process being examined. Internal auditors make a balanced assessment of all the relevant circumstances and are not unduly influenced by their own interests or by others in forming judgments

Confidentiality

Internal auditors respect the value and ownership of information they receive and do not disclose information without appropriate authority unless there is a legal or professional obligation To do so

Competency

Internal auditors apply the knowledge, skills, and experience needed in the performance of internal audit services

Audit Scope

Competitive pressures demand that today’s organizations squeeze the most they can from all their resources, the internal audit process is clearly among the most critical. In addition to the Internal Audit Department responsibility for assessing and recommending internal controls, internal auditors’ skills in risk management and their broad-based perspective of the University’s uniquely position them as a valuable resource for strong corporate governance.

Internal Audit Vital to Governance

Internal auditors’ diverse capabilities bring tremendous value to the board and the audit committee in their corporate governance responsibilities and risk management oversight. Today’s audit committees must deal with complex and diverse issues and ever-increasing responsibilities. Audit committees are being asked to monitor such areas as: management’s assessment of internal controls over financial reporting; ethical complaint hotlines; enterprise-wide risk management; and governance. Internal auditors apply risk-based audit approaches to the organization’s internal control system and provide comprehensive reports to the audit committee.

The Core Principles for the Professional Practice of Internal Auditing

The Core principles, taken as a whole, articulate internal audit effectiveness. For an internal audit function to be considered effective, all Principles should be present and operating effectively. How the internal auditors, as well as an internal audit activity, demonstrates achievement of the Core Principles may be quite different from Institution to Institution, but failure to achieve any of the Principles would imply that an internal audit activity was not as effective as it could be in achieving internal audit’s mission .These are the core principles of the Internal Audit Team: