Audit and Inspection Directorate



Vision
  • Internal Audit is a valued resource for financial, operational and control activities.
Mission
  • Internal Audit is a partner of, and independent advisor to,leather industry devilopment institute top management and administrative staff. Internal Auditors provide professional reviews, reliable appraisals, and value-added recommendations for the effective and efficient achievement of financial and operation.

Main Duties of internal Audit
  • Internal audit provide important services to the institute . These include detecting and preventing fraud, testing internal control, and monitoring compliance with company policy and government regulation.

  • Audit activities are majorly categorized in the following 3 parts
    1.Financial Audit
  • reviewing financial records to assure weather the financial statements is presented fairly or not.

  • 2.Performance Audit
  • reviewing departmental plans with their performance to assure weather the utilization of resources is Economic Effective and Efficient.

  • 3.Compliance Audit
  • reviewing processes weather they undertake according to the low and regulations.
Values
  • Legislative and Regulatory
  • Accountability
  • Responsiveness
  • Partnership