Assurance
The Board ensures that assurance services and functions enable an effective control environment and support the integrity of information for internal decision-making and external reports.
Evidence in numbers – FY2025/26 performance
Delivering assurance that matters – Internal Audit's FY2025/26 scorecard
Performance is tracked against the Internal Audit Strategic Plan 2025–2030 through nine standing indicators, each with a Board-approved target – giving stakeholders an evidence-based view of the function's own effectiveness, not just its findings.
Effectiveness
of planned audits completed and reported
Efficiency
of clients rate IA recommendations as SMART
Modern technology
of assignments delivered via the AMS and data analytics
Relevance and value
of stakeholders view IA's work as relevant
Organisational learning
of audit recommendations accepted by management
Management requests
of ad hoc management requests actioned
Cost management
of budget – operating within approved cost limits
Staff engagement
engagement index across the Internal Audit team
Objectivity
independence, actual and perceived, confirmed to the ARC
Scope of assurance across the Fund
Internal Audit's mandate spans the entire audit universe, demonstrating a broad enterprise-wide assurance footprint rather than a narrow compliance function.
- Strategy & Performance
- Commercial
- Enterprise Risk Management
- Procurement & Disposal
- People & Culture
- Finance
- Legal & Board Affairs
- Investments
- Technology & Enterprise Solutions
- Marketing & Corporate Affairs
- Enterprise & Growth
We believe in
US
The strength of Internal Audit begins with its people. During FY2025/26, the function invested in specialised artificial intelligence training, benchmarking visits, auditor project rotation programmes, and continuous professional development. These initiatives are expanding technical expertise, strengthening future readiness, and ensuring Internal Audit remains capable of providing assurance over emerging risks and rapidly evolving technologies.
“We want assurance to be as close as possible to real time, enabling us to respond to risk as it emerges rather than looking only at past transactions.”
– Geoffrey Barigye, Chief Internal Auditor
Strategic outcome
A strategically aligned, technology-enabled and trusted Internal Audit function that strengthens governance, enhances resilience, and supports sustainable value creation.