Internal Audit is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.
The department is headed by the Chief Internal Auditor who reports administratively to the Vice Chancellor and functionally to the Audit and Risk Management Committee of the Council
Detailed Question
WHAT IS INTERNAL AUDITING?