eGP System

PROVISION OF INTERNAL AUDIT SERVICES (ENGAGE A CONSULTING FIRM FOR INTERNAL AUDIT SERVICES)

1. To provide an Internal Audit Plan to the TIMB Board Audit Committee annually,
2. To Audit compliance with Laws, regulations, standards, best practices and codes,
3. To audit TIMB Operations inclusive of Administration, Internal Controls and control of the tobacco delivery systems; classification, arbitration and sales supervision at floors, collating and distributing market information, inter merchant trade supervision and tobacco exports regulation, conducting of crop assessment surveys
4. To assess the adequacy of internal controls as regards issuance of permits, licensing of Tobacco Buyers, Contractors, Auction Floors, Tobacco Graders,
5. To Audit Risk and Fraud management
6. To Audit Asset management and loss control
7. To Audit revenue assurance
8. To audit financial and management reporting
9. To Audit treasury management
10. To Audit Special Projects management
11. To Audit Human Resources, Administration and payroll management
12. To Audit TIMB procurement systems
13. To Audit TIMB stakeholder management
14. To conduct ICT reviews inclusive of database reviews, access to programs and data, program changes and application controls
15. To Audit Strategy formulation and implementation
16. Attending Audit Committee Meetings
17. Benchmarking to compare current practices against best practices
18. Conduct follows ups on engagement findings and corrective actions and report periodically to the Audit Committee any corrective actions not effectively implemented.
19. Assess the Environmental, Social and Governance of TIMB against the background of Best Practices and sustainable development.
20. Performing Ad-hoc Assignments as and when required to do so