Internal Audits


Regulation (No. 17/1997) defines internal audit as a systematic, independent appraisal of all operations including administrative activities for the purpose of advising on management practices and controls. The Audit Service Department at the Textile industry development institute is primarily responsible for monitoring and evaluating the institute’s use of financial resources with the aim of ensure effective and responsible use of government recourses

Duties and Responsibilities

  • Advise management at regular intervals on its internal practices and controls and on whether they are efficient, effective and economical;
  • Ensure the reliability and credibility of all financial information and data produced by the institute;
  • Ensure effective and efficient utilization of institute resources;
  • Secure proper and effective implementations of policies, regulations and procedures within the institute;
  • Safeguard The institute asset interests from losses of any kind, including theft, looting, fraud and other such accounting irregularities;
  • Ensure the reliability and credibility of all financial information and data produced by the institute;
  • Given the resources available, monitor and Evaluate the achievement of institute  goals and objectives
  • Submit audit reports to the head of the public body.