Internal Audit Unit definition

Internal Audit Unit or “IAU” means the functionally independent unit within the System Office with the responsibilities set forth in Article 15 in this Framework Document.
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Internal Audit Unit or “IAU” means the internal audit unit of a budget organization or an autonomous public undertaking established pursuant to Article 9 of the present law.
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Internal Audit Unit or “IAU” means the unit within the FMF responsible for audit of the Borrower’s accounts;
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Examples of Internal Audit Unit in a sentence

  • In addition to the planned work, the Internal Audit Unit undertakes fraud investigation and proactive fraud detection work.

  • In coordination with the Internal Audit Unit, the Risk Management Unit follows-up the validation and implementation of the policies and procedures under the supervision of the relevant committees.

  • The Audit Committee is administratively supported by the Internal Audit Unit.

  • The Internal Audit Unit (IAU-ETBs) evaluates the integrity of all financial and operational performance indicators, including regulatory compliance, and gives an independent opinion to the Audit Committee, on the adequacy and effectiveness of the whole system of internal controls and assurance within the organisation, and the extent to which the Audit Committee, and subsequently the Board, may rely on these.

  • BSO Internal Audit Unit has both the ‘trainee development’ stream for trainees taking the ACCA qualification and the ‘professional development’ stream.

  • Besides that, it is stated that the Internal Audit Unit will be a part of the Quality Management Committee, only for purposes of fulfilling the compliance of the surveillance of the rules that regulate the QMS in INAPI.

  • Within THSC the Internal Audit Unit consists of the Internal Auditor.

  • In addition, the Internal Audit Unit of SMBC periodically performs comprehensive internal audits to verify that the risk management framework is functioning properly.

  • This involves a sharing of audit plans to prevent duplication of effort and Internal Audit Unit should provide the external auditor with copies of all completed Internal Audit Unit reports.

  • The Audit and Risk Committee should also receive regular progress reports from the Internal Audit Unit.


More Definitions of Internal Audit Unit

Internal Audit Unit means the functional unit performing the internal audit of the Company.
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Internal Audit Unit means an internal audit unit established by the Service for the Service ;
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Internal Audit Unit means the DDS employees who conduct financial compliance audits of the department’s central office and regional operations, DDS qualified providers, DDS contractors, and CCH licensees.
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Internal Audit Unit means the internal audit unit established under MOFT;
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Related to Internal Audit Unit

  • Internal audit means an independent appraisal activity established within a state agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the agency.

  • Internal Auditor means the person employed or engaged by the Corporation to perform the internal audit function of the Corporation;

  • External Auditor as used here shall mean any registered public accounting firm engaged for the purpose of preparing or issuing an audit report or performing other audit, review or attest services for the Company. Each such external auditor shall report directly to the Committee. With respect to the external auditor, the Committee shall:

  • Internal appeal means an internal appeal to the relevant authority in terms of section 74;

  • internal waters means any navigable river or waterway within the State of California.

  • Internal control means a process effected by an entity's governing board, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

  • Internal Controls has the meaning set forth in Section 4.07(d).

  • External Manager means either of the following: (1) A person who is seeking to be, or is, retained by a board or an investment vehicle to manage a portfolio of securities or other assets for compensation, or (2) A person who manages an investment fund and who offers or sells, or has offered or sold, an ownership interest in the investment fund to a board or an investment vehicle.

  • External Account is your account at another financial institution (i) to which you are transferring funds from your Eligible Transaction Account; or (ii) from which you are transferring funds to your Eligible Transaction Account.

  • Internal combustion engine or ‘engine’ means an energy converter, other than a gas turbine, designed to transform chemical energy (input) into mechanical energy (output) with an internal combustion process; it includes, where they have been installed, the emission control system and the communication interface (hardware and messages) between the engine's electronic control unit(s) and any other powertrain or non-road mobile machinery control unit necessary to comply with Chapters II and III;

  • Internal test assessment means, but is not limited to, conducting those tests of quality assurance necessary to ensure the integrity of the test.

  • Energy audit means a systematic procedure with the purpose of obtaining adequate knowledge of the existing energy consumption profile of a building or group of buildings, an industrial or commercial operation or installation or a private or public service, identifying and quantifying cost-effective energy savings opportunities, and reporting the findings;

  • external company means a foreign company that is carrying on business, or non-profit activities, as the case may be, within the Republic, subject to section 23(2);

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Internal floating roof means a cover or roof in a fixed-roof tank that rests upon or is floated upon, the liquid being contained, and is equipped with a closure seal or seals to close the space between the roof edge and the tank shell.

  • Internal Control Event means a material weakness in, or fraud that involves management or other employees who have a significant role in, the Company’s internal controls over financial reporting, in each case as described in the Securities Laws.

  • Internal dose means that portion of the dose equivalent received from radioactive material taken into the body.

  • Internal Costs means as defined in paragraph 1.1 of Schedule 4 (Heads of Expenditure) (and shall, for the avoidance of doubt, not include any revenue costs or capital investment relating to the implementation of any project pursuant to an Annual Business Plan) and excluding Joint Committee Costs

  • Audit trail means a documented history of a financial transaction by which the transaction can be traced to its source.

  • Interim controls means a set of measures designed to temporarily reduce human exposure or likely exposure to lead-based paint hazards, including specialized cleaning, repairs, maintenance, painting, temporary containment, ongoing monitoring of lead-based paint hazards or potential hazards, and the establishment and operation of management and resident education programs.

  • Vigilance and Ethics Officer means an officer appointed to receive protected disclosures from whistle blowers, maintaining records thereof, placing the same before the Audit Committee for its disposal and informing the Whistle Blower the result thereof.

  • External Directors means as defined in the Companies Law.

  • external wall means an outer wall of a building even though adjoining to a wall of another building and also means a wall abutting on an interior open space of a building;

  • non-audit services means services other than audit services.

  • Automated external defibrillator means a defibrillator device to which all of the following apply:

  • Assurance means any warranty, representation, statement, assurance, covenant, agreement, undertaking, indemnity, guarantee or commitment of any nature whatsoever;