Directorate of Internal Audit

The Directorate of Internal Audit is a trusted advisor and an assurance provider to the Management and staff of the University on governance, risk management and internal control issues aimed at ensuring continuous improvements in the operations of the University. The Directorate is mandated under Statute 30.1 of the University of Cape Coast Statute to perform the customary functions of an internal auditor, including but not limited to the following:

1. Verification of assets
2. Recommending and ensuring compliance with laid-down or appropriate cost-control and fraud-control procedures and regulations
3. Ensuring that financial transactions have obtained the requisite authorizations
4. Conducting investigations and issuing queries as appropriate
5. Performing such other related functions as may be prescribed by Council, the Vice-Chancellor or the Academic Board.

The Directorate performs its functions in five main sectional activities, namely, Daily Checks and Inspection Section, Pre-audit Section, Post Audit Section, Risk Management Section and Quality Assurance and Follow-Up Section. The activities of the Directorate of Internal Audit are regulated by the Internal Audit Agency and are in compliance with the core principles for the Professional Practice of Internal Auditing, Definition of Internal Auditing, Code of Ethics and the International Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Auditors (Global with a Chapter Institute in Ghana).

The Directorate abides by the IIA’s Core Principles for the Professional Practice of Internal Auditing which are stated below. The Internal Auditor:

• demonstrates integrity
• demonstrates competence and due professional care
• is objective and free from undue influence (independent)
• aligns with the strategies, objectives, and risks of the organization
• is appropriately positioned and adequately resourced
• demonstrates quality and continuous improvement
• communicates effectively
• provides risk-based assurance
• is insightful, proactive, and future-focused
• promotes organizational improvement

The Directorate abides by the following Ethics in conformance with Institute of Internal Auditors (IIA) standards and section 18-20 of the Internal Audit Agency Act, 2003, Act 658:

• Integrity
• Objectivity
• Confidentiality
• Competence