The Director of Internal Audit will report functionally to the Audit Committee and administratively (ie day-to-day operations) to a senior University Officer with direct access to the Vice-Chancellor [Note]. The Director of Internal Audit will have unrestricted access to, and communicate and interact directly with, the Audit Committee, including in private meetings without management presence, where necessary.
To establish, maintain, and assure that the University’s IAO has sufficient authority to fulfill its duties, the Audit Committee will:
The Audit Committee authorises the IAO to:
[Note: Under the present management structure of the University, the Vice President (Administration) who is also the Secretary of the University’s Council is designated by the Vice-Chancellor to oversee and supervise the internal audit function.]