This unit isresponsible for internal controls and ensuring prudent use of resources.

Purpose

The purpose of the unit is “to appraise the management on prudent use of the resources in the Authority.”

Functions

The Unit is responsible for:                                                                     

1. Ensuring financial, managerial and operating information reported internally and externally is accurate, reliable and timely;
2. Ensuring that Financial activities of Authority are in compliance with laws, policies, plans, standards and procedures of the government of Malawi;

• Maintenance and improvement of performance of the regulatory body by monitoring its activities;

1. Ensuring that the responsibilities assigned to the Authority are properly discharged;
2. Ensuring that funds of Authority are used economically, effectively and efficiently:
3. Ensuring that risks are adequately managed at Authority;

• Promoting economic use of resources, efficiency and effectiveness in the administration of Authority programmes and operations;
• Preparation of plans to be approved by the Board for the development and maintenance of an efficient internal audit for Authority;

1. Devising systems to keep Authority fully informed of its problems and deficiencies in relation to its operations and suggest appropriate corrective action.