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UNISWA Foundation

Internal Audit

The Foundation is subject to an annual internal audit carried out by the internal audit department of UNISWA. The internal auditing is an independent, objective assurance and consulting activity designed to add value and improve the Foundation's operations. It helps the entity to accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

The role of the internal audit also includes;

  • Ensuring that policies and procedures, external laws and regulations are complied with.
  • To ensure that UNISWA Foundation and donor resources are used effectively and economically.
  • To ensure that the Foundation assets are adequately safeguarded.
  • That information given to management is accurate and reliable.
  • To assist the Foundation management with information about the establishment and maintenance of internal control and ensure that these activities can be carried out efficiently and effectively.
  • To evaluate financial, managerial and operating information and make recommendations for improvement of controls and reduce risk exposures.
  • To ensure compliance with laid down policies and procedures and facilitate the economic and efficient use of resources.read more.. (Internal audit charter)

External Audit

The Foundation is legally liable and ethically obliged to undergo on an annual basis an independent external audit which is undertaken by the international audit firm, KPMG. The external audit report provides full assurance to donors that the Foundation's records are "fair", complete and in compliance generally accepted accounting practices (GAAP), industry standards and regulatory requirements. The financial statements are approved by the Board of Trustees during the Annual General Meeting (AGM).

Resources

Tel: (00268) 2518-7822
(00268) 2518-4389
Fax: (00268) 2518-4911
(00268) 2518-5276
UNISWA Foundation
Kwaluseni, M201
Kingdom of Swaziland