Control Tasks
The Internal Audit Department works are distinguished in Scheduled and Non-Scheduled / Special Investigations.
Scheduled Control Tasks
The scheduled tasks of the Internal Audit Department are approved by the Council's Audit Committee, through the Audit Work Programme.
The Audit Department performs a wide range of controls, including the following:
Financial Audit
It examines issues relating to accounting and preparation of financial statements. The purpose of the financial audit is to verify that the financial activities of the University reflect correctly and fairly in the Financial Statements and that the University assets are safeguarded.
Compliance control
It specifies the degree of the University Compliance with Laws, Regulations, Rules, Resolutions and Guidelines, which govern its operation as well as in accordance with the procedures and contractual obligations.
Functional Control
It inspects the internal control systems and procedures of the University's operations and considers the possibility of adopting new methods that can improve efficiency and effectiveness and contribute to reducing risks.
Information Systems Control
It evaluates the internal control of information systems, data security, systems development processes and their requirements.
Consulting Services
It covers a wide range of consulting services, enabling the University to utilize the knowledge and experience of the Internal Auditor on problem solving, reducing risks and improving operating procedures.
Non-Scheduled Tasks / Special Investigations
The assignment of orders / instructions to the Internal Auditor for conducting special investigations is as follows:
- The President of the Council and the Rector may request the special investigation by the Audit Committee. The Rector may use the services of the Internal Auditor conferring specific investigations in the performance of its own duties, in consultation with the President of the Audit Committee.
- Officials of the University (Vice, Administration and Finance Director) may submit requests for conducting special investigations to the Rector. The Rector evaluates and submits the requests to the Audit Committee for a decision.
- The Audit Committee shall decide on the necessity for the Special Research or other work and determines the order of priority.
- The Internal Auditor can automatically select subjects for inspection, define work areas and adopt techniques required to accomplish audit objectives.
