The Audit Section provides independent and objective auditing, management advisory, and consulting activities designed to improve operations, ensure compliance and safeguard organizational assets and resources. Through these activities, the Audit Section provides insight and recommendations which often serve as an impetus for improving governance, risk management and management controls. The Audit Section also serves as a liason for external audit organizations, and provides value to governing bodies and senior management as an objective source of advice.
Internal audit activities are governed by the Department of Financial Services' Internal Audit Charter and subject to the Annual Audit Plan. The Annual Audit Plan is based on a formal assessment of Department activities and aligns audit resources to those areas of highest risk.