Terms of Reference of The Audit Committee

Terms of Reference of The Audit Committee

The Audit Committee shall;

• Review the University’s financial statements and any other related information required by the Governments Ministries, the Accountant General and Auditor General.
• Review the efficiency and effectiveness of the internal controls and verifying whether the University Management has implemented internal control recommendations made by the internal and external auditors.
• Review the internal audit functions adherence to international standards for professional practice of internal auditing
• Review the adequacy and effectiveness of the internal audits activities, charter, plans and structure and ensure that no unjustified restrictions are placed on the internal auditors.
• Receive and consider the internal audit reports and make appropriate recommendations. 
• Regularly  review  the  University’s  compliance  with  Academic  standards,  rules  and guidelines as set by the University for proper administration of academic affairs.
• Review arrangements by the University for monitoring compliance with laws, regulations, standards and policies governing operations of the University.
• Provide quarterly reports to the University Council about Committee activities and findings.
• Perform such other functions assigned to it by the University Council