Internal Audit provides a consolidated service covering assurance, advisory and investigations to support Management and the Executive Board by providing independent and objective assessments of risk management strategies, management control framework and governance processes across the operations of the Foundation.
Internal Audit focuses on assessing whether governance, risk management and control processes provide reasonable assurance that:
significant financial, managerial, and operating information is accurate, reliable, and timely;
resources are acquired economically and used efficiently; assets are safeguarded;
actions of the Foundation are in compliance with policies, procedures, contracts, and applicable laws and regulations; and,
Significant programs, plans, and business objectives are being achieved.
ACBF Internal Audit Charter
This charter establishes the mandate, purpose, authority and responsibilities of the Internal Audit Department. The Internal Audit charter serves as a guide to the Internal Audit Department (IAD) of African Capacity Building Foundation (the "Foundation" or “ACBF’) in the performance of its duties. It intends to provide a basis for ACBF management and the Audit and Risk Committee of the Executive Board to use in evaluating the operations of the Internal Audit function.
Click here to read the ACBF Internal Audit Charter