Internal audit program definition

Internal audit program means an audit function that:
Sample 1Sample 2Sample 3

Examples of Internal audit program in a sentence

  • Internal audit program should take into account the environmental importance of the various components of the organization’s activities.

  • Internal audit program shall address all the elements of the management system related to the verification activities.

  • The Company has also put in place a well-defined organization structure, clear authority levels and internal guidelines for conduction of business transactions.M/s Price Water House Coopers conducts company’s Internal audit program which supplements the Company’s internal control systems.

  • Criterion XVIII Internal audit program ineffective in identification of noncompliance (Finding FCS-V-10-28) Conclusions Based on their assessment of the performance of the NUPIC joint utility audit team, the NRC inspectors concluded that, with the exception of the PBSA Worksheet preparation and usage, the NUPIC audit team effectively implemented the NUPIC audit process and thoroughly reviewed the areas covered by the audit.

  • Internal audit program covers all areas of activities and periodical reports are submitted to the management and a quarterly internal audit report is placed before the Audit Committee for its review and the Internal Auditor will also be present.

  • The Internal audit program is reviewed by the Audit Committee at the beginning of the year to ensure that the coverage of the areas is adequate.

  • Gavi’s traditional oversight process has three lines of defense: (1) Country programs, alliance partners, and implementing countries owning and mitigating risks; (2) Risk, program capacity assessment, grant performance monitoring, finance, operations, legal support, and overseeing risk; and (3) Internal audit, program audit, whistle- blower facility and investigations, and counter fraud proving independent assurance.

  • Internal audit program to be developed in 2009.35We recommend GPE establish a three to five year comprehensive audit plan that would cover all aspects of BCLC’s operations.

  • Once established, Internal audit program should cover the proposed project within their annual program.Effectiveness of this to be monitored during project implementation.

  • Internal audit program approves by the Principal Accounting Officer at ministry level while National Program Manager at the federal level with quarterly review on the progress.

Related to Internal audit program

  • Internal audit means an independent appraisal activity established within a state agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the agency.

  • Internal Auditor means the person employed or engaged by the Corporation to perform the internal audit function of the Corporation;

  • External Auditor as used here shall mean any registered public accounting firm engaged for the purpose of preparing or issuing an audit report or performing other audit, review or attest services for the Company. Each such external auditor shall report directly to the Committee. With respect to the external auditor, the Committee shall:

  • Internal appeal means an internal appeal to the relevant authority in terms of section 74;

  • Internal combustion engine or ‘engine’ means an energy converter, other than a gas turbine, designed to transform chemical energy (input) into mechanical energy (output) with an internal combustion process; it includes, where they have been installed, the emission control system and the communication interface (hardware and messages) between the engine's electronic control unit(s) and any other powertrain or non-road mobile machinery control unit necessary to comply with Chapters II and III;

  • Internal test assessment means, but is not limited to, conducting those tests of quality assurance necessary to ensure the integrity of the test.

  • internal waters means any navigable river or waterway within the State of California.

  • Internal control means a set of systems to ensure that financial and other records are reliable and complete and which ensure adherence to the entity's management policies, the orderly and efficient conduct of the entity, and the proper recording and safeguarding of assets and resources;

  • Assurance means any act or action, whether written or oral, expressing an opinion or conclusion

  • Quality Assurance Plan or “QAP” shall have the meaning set forth in Clause 11.2;

  • Quality Assurance Program means the overall quality program and associated activities including the Department’s Quality Assurance, Design-Builder Quality Control, the Contract’s quality requirements for design and construction to assure compliance with Department Specifications and procedures.

  • external engineering service means an engineering service situated outside the boundaries of a land area and that is necessary to serve the use and development of the land area;

  • External Manager means either of the following: (1) A person who is seeking to be, or is, retained by a board or an investment vehicle to manage a portfolio of securities or other assets for compensation, or (2) A person who manages an investment fund and who offers or sells, or has offered or sold, an ownership interest in the investment fund to a board or an investment vehicle.

  • non-audit services means services other than audit services;

  • Auditing Services means those services within the scope of the practice of a certified public accounting firm licensed under Chapter 473 of the Florida Statutes, and qualified to conduct audits in accordance with government auditing standards as adopted by the Florida Board of Accountancy.

  • Quality Assurance means a systematic procedure for assessing the effectiveness, efficiency, and appropriateness of services.

  • Internal Controls for districts means processes designed and im- plemented by districts to provide reasonable assurance regarding the achievement of objectives in the following categories:

  • Vigilance and Ethics Officer means an officer appointed to receive protected disclosures from whistle blowers, maintaining records thereof, placing the same before the Audit Committee for its disposal and informing the Whistle Blower the result thereof.

  • Engineering controls means constructed containment barriers or systems that control one or more of the following: downward migration, infiltration, or seepage of surface runoff or rain; or natural leaching migration of contaminants through the subsurface over time. Examples include caps, engineered bottom barriers, immobilization processes, and vertical barriers.

  • Internal inspection means as complete an examination as can be reasonably made of the internal and external surfaces of a boiler or pressure vessel while it is shut down and while manhole plates, handhole plates or other inspection opening closures are removed as required by the inspector.

  • Safeguards Monitoring Report means each report prepared and submitted by the Borrower to ADB that describes progress with implementation of and compliance with the EMP and the RP (as applicable), including any corrective and preventative actions;

  • Energy audit means a systematic procedure with the purpose of obtaining adequate knowledge of the existing energy consumption profile of a building or group of buildings, an industrial or commercial operation or installation or a private or public service, identifying and quantifying cost-effective energy savings opportunities, and reporting the findings;

  • Monitoring Services shall have the meaning set forth in Section 2(b) of this Agreement.

  • PJM Reliability Assurance Agreement means that certain Reliability Assurance Agreement Among Load Serving Entities in the PJM Region, on file with FERC as PJM Interconnection L.L.C. Rate Schedule FERC No. 44, and as amended from time to time thereafter. Schedule of Work:

  • Systems Engineering means preparing specifications, identifying and resolving interface problems, developing test requirements, evaluating test data, and supervising design.

  • R2000 Strategy means an initiative by the Government of Kenya to improve the maintenance of the country’s Road Network by giving priority to maintenance through network approach, using appropriate technology, labour-based methods, local resources and increased usage of small-scale entrepreneurs.