Dear colleagues
The Institute of Internal Auditors (IIASA) has designated May as Internal Audit Awareness month. As we, the Office of Internal Audit, celebrate this month, we would like to help you understand the Importance and Relevance of the Role of Internal Auditors at the University of Cape Town (UCT).
Internal Audit plays an important role in UCT’s control environment and risk management. We provide an independent and objective assurance and consulting activity, designed to add value and improve the operations of UCT. The office was established by the UCT Council as a service to the university’s management and University Audit and Risk Committee (UARC). Our objective is to evaluate and recommend improvements and enhancements to the university’s internal control structure, prioritising its efforts by continuously facilitating an objective risk assessment.
We maintain our independence by reporting functionally to the UARC. Furthermore, we are governed by the IIASA along with the Internal Audit Code of Ethics.
Importance and Relevance of Internal Auditors
By large the importance and relevance of Internal Audit stretches far beyond identifying control…
