VISION MISSION

INTERNAL AUDITeffectiveness of risk management, control and governanceprocess. It ensures that:University assets are safeguarded;Information given to management is accurate,timely and reliable;University policies and procedures adopted bymanagement, and external laws and regulations arecomplied with;Resources are used effi ciently and economically; andOperations and programmes are being carriedout as planned and results are consistent with theUniversity’s objectives.VISIONTo be valued, effective and continually improving for thebenefi t of the University of Swaziland.MISSIONTo assist the University in accomplishing its overallobjective. This will be accomplished through:Improving internal control system and culture;Enhancing management of risks;Enhancing governance processes;Ensuring that assets are adequately safeguarded;andEnsuring value for money is achieved in alloperations.OBJECTIVESMr. S.H. DlaminiInternal AuditorInternal auditing is an independent, objective assuranceand consulting activity designed to add value and improvethe University’s operations. It helps the Universityto accomplish its objectives by bringing a systematic,disciplined approach to evaluate and improve theAUDIT COVERAGEDuring the last fi nancial year, the Internal Audit offi ceaudited the following areas:Treasury management (completed annually)Faculty of Humanities;Faculty of Social Science;Faculty of Education;Claims by staff members;Staff advances;Farm;Tendering, Purchasing and Accounts Payments;Some ad-hoc investigations; andFollow-up audits- Centres;- Maintenance;- Workshop and Transport; and- Projects.AUDIT WORK PLANThe Internal Audit offi ce prepares a work plan whichserves as a guide on areas to be audited in the comingyear. The plan for this coming fi nancial year is to coverthe following:Faculties - Agriculture;- Health Sciences;Risk Management workshops;Formulation of Fraud Management Strategy;Library;Treasury – cash management; andFollow-up audits.REPORT OF THE VICE CHANCELLOR 1206