The purpose of the Internal Audit Unit within the Central University of Technology is to strengthen the Institution's ability to create, protect, and sustain value. We provide Senior Management (VCMC), the Audit and Risk Committee (ARC), Council, and other stakeholders with independent, risk-based, and objective assurance, advice, insight, and foresight.
Enhancing Institutional Excellence
The Internal Audit Unit has been established to enhance the Institution's:
Successful achievement of strategic and operational objectives.
Robust Governance, Risk Management, and Control processes.
Effective decision-making and oversight.
Reputation and credibility with all stakeholders.
Ability to serve the public interest.
Authority of the Internal Audit Unit
The Internal Audit Unit is authorised by Council, through the Audit and Risk Committee (ARC), to operate with the independence and authority necessary to fulfil its mandate effectively.
1. Unrestricted Access
The Unit has free, full, and unrestricted access to all divisions, sections, units, faculties, records (manual and electronic), systems, data, physical properties, and personnel (including those of CUT's subsidiaries). This access is subject to strict accountability for confidentiality and proper safeguarding. All employees are requested to assist the Unit in fulfilling its responsibilities.
2. Operational Autonomy
The Unit is authorised to allocate resources, set frequencies, select subjects, determine the scope of work, apply appropriate techniques, and issue communications required to accomplish its mandate and responsibilities.
3. Specialised Assistance
To ensure comprehensive and expert evaluations, the Unit has the authority to obtain assistance from specialised services within CUT or from external experts to complete internal audit engagements.
4. Cooperation and Documentation
The Unit has the right to request and be provided with full cooperation, pertinent supporting documentation, management comments, and any other information relating to the internal audit work being performed.
Types of Services
The Internal Audit Unit provides both assurance and advisory services to the institution. These services are strictly defined and governed by the approved Internal Audit Charter.
The specific engagements and priorities of the Unit are detailed in the annual Internal Audit Plan of Audit Engagements. This plan is dynamically developed to address the Institution's key risks, strategic goals, and operational objectives, ensuring that our efforts remain aligned with the university's most critical needs.
