The heads of internal audits in Nigerian universities have been charged to embrace principles of good governance, accountability and transparency to improve their respective institutions.
The Auditor-General of Lagos State, Mr Moshood Adewuyi, gave this advice on Tuesday at the 36th National Conference and Annual General Meeting of the Committee of Head of Internal Audits Departments/Units In Nigerian Universities, held at the Lagos State University, Lagos.
The theme of the conference is “Governance, Risk Management and Compliance: Issues and Insights For University Internal Auditors”.
Adewuyi, who was represented by Head, Internal Audit, Lagos State Urban Renewal Agency, Olufunmilola Coker, stated that the role of internal auditors cannot be overemphasised in any private or public organisation, noting, “they are indispensable in ensuring compliance with extant financial rules and regulations.”
Adewuyi said this compliance allows the internalisation of processes and procedures in the application of resources.
“The role of auditors put them as ‘watchdogs or gatekeepers’ because they ensure proper documentation, examination of books and records, monitoring…
