Purpose and Mission
To provide independent assurance and advisory to increase internal controls' efficiency and effectiveness.
Scope of Internal Audit
- Prepare annual internal audit plan for management endorsement and Audit Committee's approval.
- Perform internal audits from approved Internal Audit Plan.
- Conduct operational, financial, compliance and special audits.
- Assess HKUST's risk management process to ensure it remains fit-for-purpose.
- Follow up on management's corrective actions and report to the Audit Committee periodically.