SCOPE OF WORK
The scope of work of the Internal Audit Unit (IAU) is to determine whether the Ministry’s network of risk management, control, and governance processes, as designed and represented by management is adequate and functioning in a manner to ensure:
- Risks are appropriately identified and managed.
- Interaction with the various governance groups occurs as needed.
- Significant financial, managerial, and operating information is accurate, reliable, and timely.
- Employees’ actions are in compliance with policies, standards, procedures, and applicable laws and regulations.
- Resources are acquired economically, used efficiently, and protected adequately.
- Programs, plans, and objectives are achieved.
- Quality and continuous improvement are fostered in the Ministry’s control process.
- Significant legislative or regulatory issues impacting the Ministry are recognized and addressed properly.
Opportunities for improving management control, operations, and the Ministry’s image may be identified during audits and they will be communicated to the appropriate level of management.