Internal Audit & Compliance

Function

Internal Audit Unit was established as an independent and objective body to carry out auditing activites and negotiations in order to improve value in operations and administration at CAAM. UAD helps CAAM in achieving its objectives in a systematic and disciplined manner to evaluate and improve the effectiveness of risk management, internal control and good governance.

Responsibility

• Review, advise and give opinions on the reliability of the organization’s internal control and the effectiveness of all systems including ICT
• Review and ensure all divisions are compliance with policies, laws regulations and directives in force
• Review the organization’s programmes/activities to ensure they have been managed prudently, efficiently and effectively
• Review the asset management system as well as the interests of the organization to be protected in terms of loss, fraud and misappropriation
• Report the audit results to the auditees and monitor the actions taken by the management on the matters raised