Internal Audit Unit
The purpose of the unit is “to appraise the management on prudent use of the resources in the Authority.”
The Unit is responsible for:
- Ensuring financial, managerial and operating information reported internally and externally is accurate, reliable and timely;
- Ensuring that Financial activities of Authority are in compliance with laws, policies, plans, standards and procedures of the government of Malawi;
- Maintenance and improvement of performance of the regulatory body by monitoring its activities;
- Ensuring that the responsibilities assigned to the Authority are properly discharged;
- Ensuring that funds of Authority are used economically, effectively and efficiently:
- Ensuring that risks are adequately managed at Authority;
- Promoting economic use of resources, efficiency and effectiveness in the administration of Authority programmes and operations;
- Preparation of plans to be approved by the Board for the development and maintenance of an efficient internal audit for Authority;
- Devising systems to keep Authority fully informed of its problems and deficiencies in relation to its operations and suggest appropriate corrective action.