Internal Audit has a fundamental role to play in the review of controls, both financial and otherwise, which are put in place by management to achieve its objectives. An important element that needs to run through the internal control framework is effective separation of duties, which can be difficult to achieve in practice unless it is a large organisation. The work carried out by TIAA will seek to identify how the risks that arise from inadequate separation of duties can be minimised. Internal audit is not a substitute for the lack of separation of duties.
TIAA provides a full range of internal audit services tailored to meet the requirements of each client organisation.
For further information please contact us
Tel: 0845 300 3333
TIAA have been the Association’s internal audit providers for a number of years and have consistently provided a quality, bespoke service that helps Clanmil improve its services to tenants and residents. The reviews carried out give a balanced view of the processes examined, identify weaknesses and provide added value recommendations. Importantly TIAA has always offered invaluable guidance and experience from their work in the social housing sector and have gone the “extra” mile to assist Clanmil when required.
Clare McCarty - Chief Executive, Clanmil Housing Association
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