Internal Audit Charter

Authority

The Director of Internal Audit (the “DIA”) reports administratively to the President and ViceChancellor via the Executive Vice-President (Administration and Finance), and functionally to the Council’s Audit Committee and the HKU School of Professional and Continuing Education (HKU SPACE) Audit Committee.

The DIA will have unrestricted access to, and communicate and interact directly with, the Audit Committees, including in private meetings without management presence, where necessary.

To assure that the IAO has sufficient authority to fulfill its duties, the internal auditors will:

• Have free and unrestricted access to all functions, records, property, and personnel pertinent to carrying out any engagement, subject to accountability for confidentiality and safeguarding of records and information.
   

• Allocate resources, set frequencies, select subjects, determine scopes of work, apply the techniques required to accomplish audit objectives, and issue reports.
   

• Obtain the necessary assistance from University personnel and specialised services from within or outside the University.