ABOUT INTERNAL AUDIT OFFICE OF THE UNIVERSITY
The role of internal audit is to provide independent assurance to University Senior Management and Council that the University's risk management, governance and internal control processes are operating effectively.
Internal audit works in accordance with Institute of Internal Auditors (IIA) Audit Code of Practice applied in conjunction with International Professional Practices Framework (IPPF).
KEY ROLES OF INTERNAL AUDIT OFFICE
As Internal auditors we deal with University's issues that are fundamentally important to the survival and prosperity of the University. In the process we review compliance by supporting Senior Management and the Audit Committee of the of the Governing Council by staying fully educated about the intricacies of, implementation strategies for, and compliance with current regulations and legislation. We are responsible for explaining and detailing the impact that non-compliance would have on the University, for informing Senior Management and the Audit Committee about signs of major non-compliance, and for identifying areas that do not conform to policies and guidelines. Unlike external auditors we look beyond financial risks and statements to consider wider issues such as the University’s reputation, growth, its impact on the environment and the way it treats its employees.
To fulfill our responsibility to the University, we provide a list of audit services including the following: -
- Financial Statement Internal Audits prior to submission to external auditors- Determines the fairness of the presentation of financial data.
- Operational Audits - Determines whether internal controls are adequate and working as intended, and whether operating procedures are performed efficiently and cost-effectively.
- Management and Special Requests - Includes performance of various reviews at management’s request, including management audits, fraud reviews and other special services.
CURRENT AUDIT TEAM
Internal audit service at St John’s University is provided predominantly by an in-house team, Headed by Chief Internal Auditor CPA Ruth Rubagora and Staff Auditor Mr. Dennis Justine holding a Bachelor of Accounting and Finance supported by additional support via an external expert for areas of specialism such as IT audit