Strategic Goal

Details

Facilitate University’s Key Values, Strategies and Goals

Contribute to thought leadership and facilitate structural and process support in enabling implementation of such values, strategies and goals.

Support Corporate Governance Goals

Facilitate achievement of corporate governance responsibilities for the University in ensuring compliance with legislative requirements

Promote best practice

Facilitate increasing effectiveness of the Audit Committee

Continue to optimize business relationships with external auditors

Enhance Compliance and Risk Management Objectives

Ensure greater viability of support frameworks for key processes, documentation and databases.

Ensure currency and continuing treatment of identified significant risks.

Utilise Variety of Relevant and Focused Assurance Approaches

Promote continuous and automated monitoring / analytical techniques and mechanisms.

Broaden Controls self-assessment and data mining options.

Enable Effective Communication and Coordination Mechanisms

Continue to focus on existing key stakeholders for the University.

Structure auditing management activities to be more effectively linked to the revenue bottom line.

Better manage expectations of key stakeholders.

Improve Change Management

Increase anticipative, planning, preventative and detective input when partnering with key stakeholders.

Improve effective management of specific change scenarios.

Promote Contribution of Internal Audit

Link value of auditing management output to business development and planning cycles.

Continue to provide strategic and operational recommendation opportunities going forward for key areas and functions.

Provide a link between Business Drivers and Education Industry Imperatives

Identify and enhance accountability and empowerment mechanisms amongst the needs of diverse stakeholders to achieve common University objectives.

Enhancing Prevention of Corruption & Fraud

Improve preventative and detective mechanisms and enhance anti-fraud promotions to the student, teaching, research and external vendor groups.