Ca Qualified Internal Auditor

Internal Audit is required to give an annual opinion to the Audit Committee, on the adequacy and effectiveness of the whole system of internal controls within the Company, and the extent to which the Governing Authority may rely on it.

Internal Audit shall develop an overall audit strategy taking account, inter alia, of available resources, knowledge of the Company, the work of external auditors and internal assurance providers, the Company risk assessment process and Internal Audit´s own assessment of risk.

Based on the overall audit strategy, Internal Audit will undertake medium term and annual programmes of work to provide the required assurance.

These will be drawn up by Internal Audit in consultation with the President and the approval of the Audit Committee.

The Internal Auditor will be designed to:

Appraise progressively the soundness, adequacy and application of the internal control systems;

Ascertain the extent to which the system of internal control ensures compliance with the University´s policies and procedures and State laws and regulations;

Ascertain that the system of internal control promotes the efficient and effective use of resources;

Ascertain that the system of internal control operates to ensure that the assets of the University are properly controlled and safeguarded from losses arising from fraud, irregularity or corruption;

Ascertain that there are adequate controls to ensure reliability of accounting and other information as a basis for producing accounts and for financial, statistical and other returns;

Ascertain that there is an adequate internal control system to ensure the integrity and reliability of financial and other information provided to the Governing Authority; and

Confirm compliance with laws, regulations and Government Guidelines for Company.