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assuring the effectiveness of the various management processes or control environments within the University.
Figure 4.1
Role of UMAD
Reputation
Risk Management
Legal Compliance
Teaching and Research
Governance
Administration
The UMAD reports administratively to the University Bursar. This reporting structure is vital as it ensures the independence of the management audit process which means that it is free to articulate the financial, operational, IT and governance risk of the University and its campuses. THE UMAD scope covers all areas for which the University Council has responsibility. It also relies to varying extents on the QAU (for QA of academic quality), Legal Unit and external financial auditors. This cooperative approach to its role allows the UMAD to focus on “... key administrative, project, IT and governance risks of The UWI” (Nelson, 2014, p.15). The UMAD uses a risk-based internal auditing and enterprise risk management approach and sees its role as:
