Policy and Documentation

Internal Audit

Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps organization accomplish its objectives and bringing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control and governance process. 


This charter primary aims to define and establish:


  • Ensure the achievement of both ITM’s long-term year targets and single year targets.
  • Provide a systematic approach to identify, analyse, evaluate, treat, monitor and report on all material risks across ITM.
  • Provide a framework that encourages enterprise and innovation, and assists management to make appropriate decisions.
  • Ensure the risk profile is maintained to describe current risks in each area of ITM’s business operations.
  • Ensure activities are undertaken within approved risk tolerance levels and with sufficient independent oversight to protect among others, the profitability, assets and reputation of ITM.


Internal Audit Charter