Welcome to Taita Taveta National Polytechnic Internal Audit Department. The department was established in 2019.The Institute of Internal Auditors (IIA)’s Board of Directors approved a new definition of Auditing as “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.

The principal function of the TTNP Internal Audit Department (IAD) is to provide an agreed level of assurance to the Board of Governors and management that key processes for mitigating the high risks identified by the institution are adequately designed and operating effectively towards achievement of the institution’s vision, mission, objectives, and goals. IAD also provides advisory services to TTNP to help strengthen their governance and control processes. The IAD is charged with the following key duties and responsibilities:

• To plan, develop and monitor the implementation of Internal Audit strategies and annual audit plans for the institution.
• Perform duties in planning, managing and conducting operational and compliance audits.
• Develop comprehensive report of findings and recommendations.
• Provide professional recommendations in formulating policies and procedures to ensure sound systems of internal controls and compliance.
• Develop and implement risk management policies and guidelines and fraud detection, prevention and elimination policies and strategies.
• Ensuring completeness and accuracy of records and reports.

Mission:

To provide independent, objective assurance and consulting services designed to add value and improve the institution’s system of operations, control and governance processes to assist management in ethically, effectively and efficiently fulfilling its responsibilities.

Core Values

1. Professionalism
2. Integrity
3. Independence
4. Accountability

Finance officer oversees the day-to-day financial management activities of the funds, ensuring the accuracy of the accounting records, internal controls are in place and adhered to, financial reports are prepared and communicated to the Accounting officer (Principal) timely. The Finance officer, is responsible for the preparation and maintenance of the accounting software chart of accounts, maintenance of the general ledger, reconciliation of subsidiary system accounts such as cash management, accounts payable, accounts receivable, payroll, journal entries, and responsibility of preparing required financial reports in compliance with the Public finance and management Act,2012.

Accounting methods employed by the Taita Taveta National Polytechnic is accrual accounting basis as per the Government requirement. Additional accounting methods shall be employed to satisfy applicable General accepted accounting principle promulgated by such competent authoritative Sources as the General Accepted Accounting Principle (GAAP), International Financial Reporting Standards (IFRS) and Financial Accounting Standards Board (FASB), where applicable.

Revenue shall be recognized in the accounting period in which they are earned and measurable but not received.
The major revenue categories are:

• Governmental Grants/Capitation: These Grants revenue are recognized when received. Capitation Grant revenues are recognized based on the total number of students placed by KUCCPS.
• Student’s fees: This revenue are recognise for the accounting period earned but not received.
• Donations and Contributions: Revenues are recognized when received.
• Other Income: These are Revenues generated from hire of facilities i.e. venue. It is recognized as earned.
• Gain/Loss on sale of assets: A gain or loss is recognized when an asset is sold or disposed of.