Thursday, February 23, 2017
   
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Compliance/Internal Audit Unit

Unit Head
Jacob Olaleye
ACA, CFA

 

The Compliance/Internal Audit Unit of Institute of Human Virology, Nigeria (IHVN) exists as an arm of the Board of Directors to provide policies and procedures that guide day-to-day administration of the organization. It sees to the constant review of these policies and also ensures adherence and enforcement of the policies. The unit also makes sure that all IHVN policies take into cognizance both local legislations and donor requirements. This isto guarantee that grants' businesses are conducted in an effective and efficient manner, financial and business risks are reduced to the barest minimum and control systems are strong enough to safeguard company's operations and assets.

The unit is responsible for collating and reviewing all guidelines developed by other departments and units by ensuring that such policies are strong enough to prevent/ control errors, fraud and any financial misstatements whether intentional or non-intentional. The unit examines and reviews on all financial transactions emanating from Central, Regional and State Offices, implementing sites and sub- awardees to ensure full compliance with set policies and procedures.

There are five key segments in the unit namely: (a) Sites Reports Review, (b) Global Fund/AIC activities, (c) Head Office operations, (d) Assets Verification Exercise/other Grants; and (e) Regional/State/Sub Awardee review. Each of these segments is to ensure full compliance with IHVN and donors' policies and procedures guiding financial transactions. The unit also works closely with financial consultants engaged to enhance sites accountants' capacity in rendering acceptable and error free financial returns to the Institute.

The unit through its pre and post transactional reviews has prevented a number of transactions that would have led to audit queries from either the external auditors or donors and by so doing, IHVN has been been rated high in complying with donors' requirements and standards.

Unit contact email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

SOP: Standard Operating Procedure For Internal Audit; Standard Operating Procedure For Internal Audit

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:: Support and Funding

The Institute of Human Virology, Nigeria AITRP Training Programmes are supported and funded by the Fogarty International Center.
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