Welcome Note

Welcome to the Internal Audit Department where our core value is to provide independent appraisal of procedures and operation of the system to advise the Management in making informed decisions.

Brief History of the Unit

Internal Audit Department was created on the 27th of October 2009 when the Kwara State University commenced full operation. Operating as a unit under the office of the Vice Chancellor and headed by Dr. Abdulraheem O. Kadir (FCA) from October 2009 to April 2019, the Late Alhaji Wahab Oba Akanbi (FCA) took over having been appointed as acting Director in May 2020 until his demise in May 2023. The current head of the Internal Audit is Mr. Muazu Na’Allah Gold (CNA) with 8 other staff.

Unit

1. Salary Unit
2. Revenue Unit
3. Operational Unit
4. Asset Control Unit
5. Expenditure Unit

Mission

To provide an independent and objective review of internal control system operation and accounting system.

Vision

To be known for providing superior Internal Audit services in the best practices manner.

Activities

Our Activities Include:

Asset Control

1. Verification of value for money for supply of materials and other assets
2. Stock taking at least on a monthly basis
3. Ensuring that numbers of fixed assets are consistently implemented keeping and effective utilization of inventories
4. Strategic and operational alliance with Bursary Unit (Stores) for safekeeping and effective utilization of inventories

Compliance and Risk Assessment

1. Adequately equipped with existing financial regulation for all transactions
2. Ensure compliance with all transactions in line with financial regulations and other extant laws
3. Ensure compliance with established processes and procedures that may minimize financial wastage and leakages

Operational Control

1. Ensure all payments are in line with the Chief Executive Officer’s approval
2. Adequate documentation of all transactions with relevant evidence
3. Ensure retirement of all advances
4. Budget monitoring and control
5. Update and analyze salary payment for the month

Revenue Control

1. Ensure that revenue subheads are adequately reported
2. Work in conjunction with the CIITR to create a menu through which revenue can be assessed
3. Ensure prevention of revenue leakages

Specialized Audit

1. Special audit assignment
2. Special investigation directed by Chief Executive
3. Payroll Audit

Contact

Audit Website