Internal Audit Department
Ensuring Accountability, Transparency and Good Governance
CPA Henry Mogere Nyakundi
Head of Internal Audit
B.Com (Accounting), MBA (Accounting), CPA (K)
Overview
The Internal Audit Department aims at strengthening Taita Taveta University's (TTU) ability to create, protect, and sustain value by providing the Council and Management with independent, risk-based, and objective assurance, advice, insight, and foresight and is meant to augment TTU's:
- Achievement of its objectives
- Governance, risk management, and internal control processes
- Decision making and oversight
- Reputation and credibility with its stakeholders
- Ability to serve public interest
Vision
The Department envisions itself as a leading and trusted advisor to management on risk management, governance and internal controls for sustainability of Taita Taveta University (TTU) operations.
Mission
To enhance and protect the value of the University by providing risk based and objective assurance, advice, insight and foresight. This is in line with the Global Internal Audit Standards 2024 of the International Professional Practice Framework (IPPF) under which the internal audit operations are anchored in the Public Sector in Kenya.
Department Staff
CPA Henry Mogere Nyakundi
Head of Internal Audit
B.Com (Accounting), MBA (Accounting), CPA (K)
CPA John Runga Maghanga
Senior Internal Audit Assistant I
B.Com (Finance), CPA (K)
Ms. Lorine Achieng Okwanyo
Audit Trainee
B.Com (Finance), CPA I
Professional & Ethical Principles
Standing on the principles of professionalism and ethical conduct as required by the Global Internal Audit Standards 2024:
Integrity
The foundation of trust and credibility
Objectivity
Unbiased and impartial judgment
Competency
Knowledge, skills, and experience
Due Professional Care
Diligence and quality in work
Confidentiality
Protection of information
Department Objectives
Governance Review
To review the governance mechanisms of Taita Taveta University and mechanisms for service delivery with regard academic and administrative processes of the University.
Risk-Based Audits
To conduct risk-based, value-for-money and systems audits aimed at strengthening internal control systems that could have an impact on achievement of the strategic objectives of the University.
Asset Verification
To verify the existence of assets administered by the University and ensuring that there are proper safeguards for their protection.
Policy Compliance
To provide assurance that appropriate institutional policies and procedures and good business practices are followed by the University.
Information Evaluation
To evaluate the adequacy and reliability of information available to University management for making decisions with regard to the University and its operations.
Advisory Services
To provide advisory, insight and foresight on various matters pertaining to governance, risk management and internal controls.
Department Mandate
In order to meet the above objectives, the department carries out the following mandate:
- Prepare and implement a risk based audit annual work plan
- Providing independent assurance to the Audit, Risk and Governance Committee of the University Council and Management on the implementation and effectiveness of the internal control systems in academic and administrative divisions
- Evaluating the effectiveness of the system of risk identification and management and suggesting improvements as appropriate
- Fostering quality and continuous improvement in governance and risk management control processes
- Assessing the cost-effectiveness and efficiency in the utilization of resources for the achievement of the University's objectives
- Verifying the reliability and integrity of financial data
- Carrying out compliance audits with policies, laws, rules and regulations
- Ensuring that resources including assets are preserved and protected and used for the benefit of the University
- Monitoring on implementation of recommendations for improvement
- Provision of advisory service as and when required
- Provide secretarial services to the Audit, Risk and Governance Committee of the University Council
Strategic Direction
Guided by the Internal Audit strategic plan 2024-2028, the internal audit staff are committed to meeting its mandate and ensuring that the University serves public interest.
Core Functions
Financial & Compliance Audits
Reviewing financial transactions and compliance with regulations
Operational & Performance Audits
Evaluating efficiency and effectiveness of operations
Risk Assessment
Identifying and evaluating organizational risks
Internal Control Evaluation
Assessing the effectiveness of control systems
Investigations & Forensic Audits
Investigating irregularities and potential fraud
Follow-up Reviews
Monitoring implementation of audit recommendations
Independence
The Internal Audit Department reports functionally to the Audit, Risk and Governance Committee of the University Council and administratively to the Vice-Chancellor, ensuring its independence and objectivity.