FUNCTIONS

To ensure that the organisation has a formal governance process which is operating as intended: values and goals are established and communicated, the accomplishment of goals is monitored, accountability is ensured and values are preserved.

Ensuring significant risks within the organisation are being managed and controlled to an acceptable level as determined by the board.

To facilitate the strengthening of the governance and risk framework within the organisation.

To provide an independent assurance service to the board, audit committee and management, focusing on reviewing the effectiveness of the governance, risk management and control processes that management has put into place.

Testing internal controls, and monitoring compliance with Authority’s policies and government regulations.

Examining policies and procedures on regular basis to ensure that that the Authority minimises its exposure to fraud and other losses.

To liase with external auditors and other regulators of the Authority’s operations.