ONE MAS:

INTEGRATED AND COHESIVE

CONTROLS AND OPERATIONS
AUDIT ASSURANCE

The Internal Audit Department (IAD) conducts an extensive programme of risk-focused audits to provide audit assurance and ascertain the efficacy of operational processes and controls. During the year, IAD embarked on a review of our audit rating framework to give greater clarity to stakeholders on the state of control environment of the audited activity. Our internal quality assurance review concluded that our audit practices continue to be in line with established standards. We will continue to step up efforts to seek technology solutions to enhance audit processes and strengthen data analytics capabilities to attain a wider audit coverage and more in-depth analysis.