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FASSET | Annual Integrated Report 2022/23

8. Internal Audit FUNCTION

Internal Audit is an independent function governed by an Internal Audit charter, approved by the ARC. The
Internal Audit charter defines the role, organisational status, authority, responsibilities and scope of the Internal
Audit activity. Internal Audit assists FASSET to accomplish its objectives by bringing a disciplined, systematic
approach to evaluating and improving the effectiveness of risk management, internal controls and governance
processes.

FASSET’s Internal Audit function is outsourced to Ntumba and Associates Consulting for the duration of the
period under review. The Internal Audit function reports administratively to CEO and functionally to the ARC.
The following Audits were undertaken in the 2022/23 Financial Year:

• Audit of Predetermined objectives (AoPo Q2 & 3).
• Projects Quality Assurance Department (Discretionary Grants Process)
• Discretionary Grants Projects Site Visits
• Marketing and Communication

• Human Resources Management Review.
• ICT Data Migration Process
• ICT Application Controls Review
• Corporate Governance Reviews

• Data Migration reviews
• Follow up on prior year Audit findings.

The following planned Audits were deferred to the next Financial Year 2023/24:
• Business Continuity Management
• Finance department

Planned vs Completed Audits

10
8

6 10
8
4
2 2

0
Planned Completed Differed

Make the future count. | 85