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.
