Message from the Office of the Internal Auditor
Friends College Kaimosi Internal Audit function was established in the year 2019 in accordance with the Public Finance Management Act 2012 Section 73 that requires national government entities to maintain internal audit arrangements
The Internal Audit has the following mandates;
- Review and evaluate budgetary performance ,financial management ,transparency and accountability mechanisms and processes.
- Give reasonable assurance through the Audit and Risk Management Board Committee on the state of risk management ,control and governance within the College
- Review the effectiveness of the financial and non financial performance management systems of the college
The internal audit has positioned itself so as to enhance and protect the college value by providing a risk- based -objective assurance, advice and insight
Independence and Authority
The Internal Audit is independent and has sufficient authority to discharge its responsibilities. This is achieved through the following ways;
- Reporting administratively to the Accounting Officer (Principal) and functionally to the Audit and Risk Management Board Committee
- Being independent of programs , operations and activities that are required to be audited
- Having unrestricted ,direct and prompt access to all records , officials or personnel holding any contractual status and to all premises and properties of the entity
- Internal audit activities remaining free of influence by any element within the college including matters of audit selection ,scope ,procedure ,frequency ,timing and report content
Responsibilities
- Developing and implementing a flexible risk based annual audit plans taking into consideration input from Top management and approval from the Board Of Governors
- Developing and executing a broad, comprehensive audit program that is line with the College Strategic objectives
- Assessing the effectiveness and recommend areas of improvements in the College Internal Control Systems ,Risk Management and Governance Process
- Recommend on ways to safeguard college resources and ensure compliance with government laws ,regulations and Board of Governors policies
- Establishing policies for the Internal Audit Function
- Undertaking special assignments at the request of the Management