The mandate of the Internal Audit function has been stipulated in the Public Financial Management Act (2012) Regulations [Section 160] and encompasses:
a) Review and evaluate budgetary performance, financial management, transparency and accountability mechanisms and processes in the University;
b) Give reasonable assurance through the audit committee on the state of risk management, control and governance within the University;
c) Review the effectiveness of the financial and non-financial performance management systems of the University.