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TORs for Internal Auditor

The objective of the internal audit function is to assess the financial, procurement and operational integrity of the CAFI PMU, with the aim of ensuring compliance with applicable regulations, improving the effectiveness of internal controls, and regularly providing recommendations for improvement. The specific objectives include:

• To evaluate the adequacy and effectiveness of internal controls within the CAFI PMU.
• To assess the efficiency and effectiveness of project operations and the extent to which project objectives are met.
• To ensure compliance with relevant laws, regulations, and World Bank requirements.
• To identify areas for improvement and provide actionable recommendations to enhance project performance.
• To examine the reliability of financial and operational information and the means used to identify, measure, classify, and report such information
• To conduct ongoing risk assessments and evaluate the effectiveness of risk management practices within the PMU.