Internal Audit

Obligations of the service provider

• Review and appraise policies, procedures, plans and records for the purpose of informing and advising management.
• Support the management with the implementation decisions
• To assist management in carrying out its monitoring responsibilities
• To test, examine, review, evaluate and make recommendations about the internal control system.
• Compare actual data and provide alternate action plans and report their findings and recommendations to management for future improvement.
• Performing an objective examination of evidence for the purpose of providing an independent assessment on governance, risk management, and control process for the organization.
• Add value to and improve the organization’s governance, risk management and control processes
• Ensure compliance with donor requirements and grant agreement
• Ensure the closing of each project properly
• Conduct an evaluation based on reports of previously conducted evaluations of past projects.
• Provide reliable, valued and timely assessment to the Board and Executive Management on the effectiveness of the system of internal controls mitigating current and evolving key risks and in so doing assist SIDC to enhance the effectiveness of the risk management culture within SIDC.