ROLE OF INTERNAL AUDIT AND AUDIT COMMITTEE
By: Internal Audit Website Committee
Serdang March 18, 2022: The responsibility of the Internal Audit Division is to conduct a financial management audit that includes the examination of the financial system, internal controls, and financial records to determine whether expenses, revenues, assets, and stores have been managed in accordance with relevant laws, regulations, and instructions.
The Internal Audit Division also conducts a performance audit that includes assessments of an organization's activities to determine whether its goals have been achieved and resources are used in prudently, efficiently, and effectively.
Every report made by the Internal Audit Division will be presented at the University Board of Directors meeting through the Audit Committee. Besides, the committee’s role also includes reviewing reports from the Internal Audit Unit and the National Audit Department to ensure that all reported issues are resolved satisfactorily and certify follow-up actions.
On 18 March 2022, a meeting between the Audit Committee (JKA) and Finance Officer from UPM’s Bursar's Office was held to discuss actions and issues raised by the Internal Audit Division.
This discussion took two hours long starting at 03:00 pm and was chaired by YBhg. Dato' Dr Hasan Bin Mad as JKA Chairman and attended by YM Dato' Syed Haizam Hishamuddin Putra Jamalullail. This discussion was also held virtually and attended by the UPM’s Head of Internal Audit, Mrs. Zainora Abdul Talib and representative from the Finance Division of UPM Bintulu Campus.
There was also Question-and-Answer (Q&A) session held. In the end of the meeting, JKA Chairman were hoping that preventive and corrective actions are taken so that related weaknesses can be corrected and not repeated.
Date of Input: 23/03/2022 | Updated: 30/08/2022 | faiz_suparman
Blok F, Bangunan Sekolah Perniagaan dan Ekonomi(SPE),
Jalan Persiaran Tulang Daing,
Universiti Putra Malaysia,