Internal Audit Department

Strengthening Transparency, Accountability, and Good Governance

The Internal Audit Department of Shishu Niloy Foundation (SNF) plays a vital role in promoting transparency, accountability, and organizational excellence. As an independent assurance function, the department evaluates the effectiveness of governance, risk management, and internal control systems across the organization.

By conducting systematic audits, compliance reviews, and risk assessments, the department ensures that SNF’s financial management, operational processes, and development programs are implemented in accordance with organizational policies, donor requirements, statutory regulations, and accepted best practices. Through constructive recommendations and continuous follow-up, the Internal Audit Department supports management in improving organizational performance while safeguarding the Foundation’s assets and reputation.
The department contributes significantly to building the confidence of donors, partners, beneficiaries, and other stakeholders by fostering a culture of integrity, ethical conduct, and continuous improvement throughout the organization.

Our Purpose

To provide independent and objective assurance and advisory services that strengthen internal controls, improve operational effectiveness, manage organizational risks, and support good governance across all levels of Shishu Niloy Foundation.

Key Functions

Compliance and Policy Assurance

Reviews organizational activities to ensure compliance with internal policies, donor agreements, legal requirements, and regulatory standards.

Financial Control and Verification

Examines financial transactions, accounting records, and asset management systems to ensure accuracy, transparency, and accountability in the use of organizational resources.

Operational Efficiency and Risk Management

Evaluates operational practices, identifies potential risks, and recommends practical measures to improve efficiency, effectiveness, and sustainability.

System and Process Evaluation

Assesses the adequacy and effectiveness of internal systems, procedures, and control mechanisms to strengthen organizational performance.

Monitoring and Accountability

Monitors the implementation of audit recommendations and supports management in maintaining strong accountability mechanisms across all programs and departments.

Capacity Building and Advisory Support

Provides guidance and practical recommendations to staff for improving compliance, strengthening internal controls, and promoting best management practices.

Fraud Prevention and Investigation

Supports the prevention, detection, and investigation of fraud, irregularities, and misuse of organizational resources while promoting ethical conduct and zero tolerance for corruption.

Reporting and Follow-up

Prepares objective audit reports for management and the governing body, tracks corrective actions, and ensures timely implementation of audit recommendations.

Our Commitment

The Internal Audit Department is committed to maintaining the highest standards of professionalism, independence, confidentiality, and integrity. By promoting sound governance and responsible stewardship of resources, the department helps Shishu Niloy Foundation achieve its mission effectively while ensuring the trust and confidence of donors, partners, beneficiaries, and the communities it serves.