MATRADE Annual Report 2020 126 MATRADE established the Internal Audit Unit (UAD) in August 2003 to improve financial management, governance and performance of MATRADE programmes through audit observations and findings. UAD offers advice and views on internal control of all systems including ICT. UAD is an independent entity directly accountable to the Chief Executive Officer in reporting audit and follow-up actions on matters raised. This arrangement reflects UAD’s independence in performing its duties and responsibilities effectively. Audit activities that include compliance and performance audits are planned annually based on a pre-determined rotation that involves the headquarters, overseas offices and regional offices. All audit plans and findings are presented to MATRADE Audit and Risk Management Committee (JKAPR) for approval. The objective of the establishment of JKAPR is to review and assess the integrity of the organisation's internal control system and management as well as review the audit plans and ensure that the audits can be carried out independently and without restrictions. The membership of JKAPR consists of the following Board Members: INTERNAL AUDIT AND RISK MANAGEMENT Chairman • YBhg. Datuk Dr. Ibrahim Ahmad Members • YBhg. Dato’ Mohammad Medan Abdullah • YBhg. Dato’ Mahmud Abbas • YBrs. Ms. Rina Neoh Siew Lian In 2020, audit programme planning was conducted to include Financial Management, Performance, Procurement and Self- Assessment Audits. A total of 11 audits conducted were as follows: i. Financial Management Audit: • Audit on the Management of Fees Collection for Participation in Exhibition Programmes; • Audit on the Implementation of Procedures/ Process of Appointment and Career Development Plan for MATRADE Officers; and • Video Conference Audits on five (5) MATRADE Trade Commissioner Offices in Shanghai, Guangzhou, Beijing, Santiago, and Sao Paulo. ii. Performance Auditing: • ANUGA 2019 Programme Management; and • Export Services Fund Programme Management iii. Procurement Audit: • Procurement Management for Direct Purchase at Headquarters iv. Self-Assessment Audit • 2019 Self-Assessment Audit
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