AUI3703 Assignment 3 (COMPLETE
ANSWERS) Semester 2 2025 - DUE
September 2025;
For Further Assistance:
Email:
, QUESTION 1
1.1 Purpose of the Internal Audit Function
The purpose of the internal audit function at Mzansi Regional Hospital is to provide independent,
objective assurance and consulting services designed to add value and improve the hospital’s
operations. It helps the hospital accomplish its objectives by bringing a systematic, disciplined
approach to evaluate and improve the effectiveness of governance, risk management, and control
processes. The function aims to enhance quality, efficiency, and regulatory compliance within
the hospital.
1.2 Internal Audit Mission Statement
The mission of Mzansi Regional Hospital's Internal Audit Function is to enhance and protect
organisational value by providing risk-based and objective assurance, advice, and insight. We
assist the hospital in achieving its objectives by systematically evaluating the effectiveness of
governance, risk management, and control processes, promoting a culture of accountability, and
driving continuous improvement.
QUESTION 2
2.1 Types of Internal Audit Engagements
For the internal audit engagements listed, the type of engagement is as follows:
1. Compliance Engagement: Reviewing and confirming the pharmacy’s adherence to
national medicine storage regulations and hospital policies.
2. Performance/Operational Engagement: Assessing the efficiency and effectiveness of
the patient admission process to identify bottlenecks and improve service delivery.
3. Financial Engagement: Verifying the accuracy and integrity of billing, expense
reimbursements, and financial reporting.
4. Information Technology (IT) Engagement: Evaluating the security, access controls,
and data backup procedures of the hospital’s electronic health records system.
5. Fraud Engagement: Examining financial transactions and operational activities for
indicators of fraud, assessing anti-fraud controls, and investigating suspicious activities.
6. Performance/Operational Engagement: Reviewing hospital waste management and
energy use to ensure compliance with environmental regulations and sustainability goals.
ANSWERS) Semester 2 2025 - DUE
September 2025;
For Further Assistance:
Email:
, QUESTION 1
1.1 Purpose of the Internal Audit Function
The purpose of the internal audit function at Mzansi Regional Hospital is to provide independent,
objective assurance and consulting services designed to add value and improve the hospital’s
operations. It helps the hospital accomplish its objectives by bringing a systematic, disciplined
approach to evaluate and improve the effectiveness of governance, risk management, and control
processes. The function aims to enhance quality, efficiency, and regulatory compliance within
the hospital.
1.2 Internal Audit Mission Statement
The mission of Mzansi Regional Hospital's Internal Audit Function is to enhance and protect
organisational value by providing risk-based and objective assurance, advice, and insight. We
assist the hospital in achieving its objectives by systematically evaluating the effectiveness of
governance, risk management, and control processes, promoting a culture of accountability, and
driving continuous improvement.
QUESTION 2
2.1 Types of Internal Audit Engagements
For the internal audit engagements listed, the type of engagement is as follows:
1. Compliance Engagement: Reviewing and confirming the pharmacy’s adherence to
national medicine storage regulations and hospital policies.
2. Performance/Operational Engagement: Assessing the efficiency and effectiveness of
the patient admission process to identify bottlenecks and improve service delivery.
3. Financial Engagement: Verifying the accuracy and integrity of billing, expense
reimbursements, and financial reporting.
4. Information Technology (IT) Engagement: Evaluating the security, access controls,
and data backup procedures of the hospital’s electronic health records system.
5. Fraud Engagement: Examining financial transactions and operational activities for
indicators of fraud, assessing anti-fraud controls, and investigating suspicious activities.
6. Performance/Operational Engagement: Reviewing hospital waste management and
energy use to ensure compliance with environmental regulations and sustainability goals.
