The Internal Audit Service Directorate is designed to provide an independent, objective assurance and consulting activity to add value and improve EPSA’s operations. The directorate’s activity helps EPSA accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.
Consistent with its mission, the Internal Audit Service Directorate provides management with information, appraisals, recommendations, and counsel regarding the activities examined and other significant issues.
The directorate executes an approved audit plan and performs the following key tasks in accordance with its overall strategy:
• Verify the existence of assets and recommend proper safeguards for their protection;
• Evaluate the adequacy of the system of internal controls;
• Assess compliance with state and federal laws, regulations, directives and contractual obligations and the sound practice;
• Investigate reported occurrences of fraud, embezzlement, theft, waste, etc.
• Follow up internal and external audit recommendations.