Mandate

The Internal Audit function has been granted a mandate by Board to provide the Board and Senior Management with objective assurance, advice, insight, and foresight.  The Internal Audit function's authority is derived from its direct reporting relationship to the Board through the Audit Committee.  Such authority allows for direct access to Board.

The Board has authorised the Internal Audit function to:

• have full and unrestricted access to all functions, data, records, information, physical property, and personnel pertinent to carrying out Internal Audit responsibilities.  The Internal Audit function is accountable for confidentiality and safeguarding records and information.
• Allocate resources, set frequencies, select subjects, determine scope of work, apply techniques, and issue communications to accomplish the function's objectives.
• Obtain assistance from the necessary personnel of the University and other specialised services from within or outside the University to complete Internal Audit services.

The Internal Audit function is to be afforded the full co-operation of all employees and agents of the University in carrying out its professional duties.

The Internal Audit function has no executive role or authority and has no operating responsibilities, and it will remain independent of the activities under review.  The function is not part of the system of governance, internal control, risk or compliance but, rather is an independent appraisal function, which seeks to objectively and impartially review and report on these areas.