Vision
We are determined to be an independent, objective assurance and consulting department in order to add value in Cape Peninsula University of Technology (CPUT), and to also improve and enhance the operations of the University as a whole through the internal auditing activities.
Mission
The mission of the Internal Audit Department is to provide independent, objective assurance and consulting services designed to add value and improve Cape Peninsula University of Technology’s operations. Internal Audit helps the University to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of internal controls, risk management and governance processes. Internal Audit will assist University Management and the Audit Risk and Oversight Committee in identifying, avoiding, and mitigating risks.
Professionalism
The internal audit activity will govern itself by adherence to The Institute of Internal Auditors' (IIA) (mandatory guidance including the Definition of Internal Auditing, the Code of Ethics, and the International Standards for the Professional Practice of Internal Auditing (Standards).
The Institute of Internal Auditors' Practice Advisories, Practice Guides, and Position Papers will also be adhered to as applicable to guide operations.
Authority and access
The internal audit activity, with strict accountability for confidentiality and safeguarding records and information, is authorised full, free, and unrestricted access to any and all of CPUT’s records, physical properties, and personnel pertinent to carrying out any engagement.
All employees are requested to assist the internal audit activity in fulfilling its roles and responsibilities. The internal audit activity will also have free and unrestricted access to Council.
Organisational independence
The Internal Audit Director reports functionally to AROC (Audit and Risk Oversight Committee) and administratively (i.e. day to day operations) to the Vice-Chancellor to maintain objectivity and independence.
