Internal Audit Division
Responsibilities of the Internal Audit and Investigation Division
The primary objective of the Internal Audit and Investigation Division of the National Housing Development Authority (NHDA) is to assess the reliability and integrity of financial and operational information, evaluate the efficiency of operational programs, and ensure compliance with institutional policies, agreements, and relevant laws and regulations additionally, the division monitors and reports on the adequacy and effectiveness of the organization’s control systems.
To achieve this objective, the Internal Audit and Investigation Division is entrusted with the following responsibilities:
- Conducting an independent and continuous evaluation of the adequacy and effectiveness of the internal control systems established by management.
- Reviewing the progress of implemented development programs and projects, and reporting to senior management on the extent to which targeted objectives have been achieved.
- Facilitating coordination between senior and junior management by providing relevant information.
- Assessing the effectiveness of control systems in preventing and detecting fraud and misconduct.
- Ensuring the reliability of financial statements prepared at the end of the financial year.
- Evaluating the adequacy of the existing accounting system.
- Verifying whether assets are being utilized efficiently and ensuring their security.
- Checking compliance with regulations and policies.
- Assessing the quality of employee performance.
- Investigating excessive spending, losses, misappropriation, and improper utilization of resources while identifying underlying causes.
- Conducting special investigations.
- Organizing and facilitating internal audit and management committee meetings within the organization, as well as coordinating NHDA’s participation in Ministry-level audit and management committee meetings.
- Coordinating NHDA’s activities related to the Committee on Public Enterprises (COPE).
- Preparing responses to audit queries raised by the Auditor General.