The Institute of Internal Auditors (IIA) is the internal audit profession's acknowledged leader, recognized authority, and principal educator. Although the practice of internal auditing is not regulated, The IIA provides comprehensive guidance for the profession through its Professional Practices Framework (PPF). The PPF comprises the official definition of internal auditing, the International Standards for the Professional Practice of Internal Auditing (the Standards), the Code of Ethics, Practice Advisories, and development and practice aids.

Management is responsible for maintaining an adequate system of internal control. Internal auditors independently evaluate the adequacy of the existing internal control systems by analyzing and testing controls. The Internal Audit Department makes recommendations, based on their review, to management to improve controls.

Internal auditors support management's efforts to establish a culture that embraces ethics, honesty, and integrity. They assist management with the evaluation of internal controls used to detect or mitigate fraud, evaluate the organization's assessment of fraud risk, and are involved in any fraud investigations. Although it is management's responsibility to design internal controls to prevent, detect, and mitigate fraud, the internal auditors are the appropriate resource for assessing the effectiveness of what management has implemented.

The internal auditors' are part of the organization. Their objectives are determined by professional standards, the board, and management. Their primary clients are management and the board. External auditors are not part of the organization, but are engaged by it. Their objectives are set primarily by statute and their primary client­ the board of directors. The internal auditors' scope of work is comprehensive. It serves the organization by helping it accomplish its objectives, and improving operations, risk management, internal controls, and governance processes.

Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes (IIA).

Disposal of Government's asset such as vehicles, copiers, computers and furniture are carried out by auction, sale transfer or otherwise.

3rd Floor West Atrium Central Administration Building, Road Town, Tortola Virgin Islands (British)

i.   Ensure that a purchase order is received prior to providing goods and or services.

ii.  Submit invoice on time.

All major Government goods, works and services in excess of one hundred thousand dollars ($100,000.00).