POTRAZ Internal Audit & Risk Management function
The Internal Audit & Risk Management function aims to add value and improve POTRAZ’s operations by providing management and the Board of Directors with a consolidated service covering assurance, consultancy, risk management and investigations.
Internal audits help the Organization to accomplish its objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of risk management, control and governance processes.
The activity aims at assisting the POTRAZ management and Board in identifying, managing and mitigating risk and ensuring risk management processes are integrated into the Authority’s operations. 'Risk management' can be described as a systematic approach used to assess and act on risks in order to ensure that organizational objectives are achieved. Addressing risks that are left unattended to or insufficiently addressed by existing controls and checks is primarily the responsibility of an organization's management.
This involves following up on reports of possible violations of rules or regulations, mismanagement, misconduct, waste of resources or abuse of authority. Corruption, fraud, waste and abuse of POTRAZ property can be confidentially reported to the Internal Audit & Risk Management function.
- Reporting Structure of the Internal Audit and Risk Management function
The function reports administratively to the Director-General and functionally to the Audit Committee of the Board of Directors. This reporting structure allows the Internal Audit Department to remain independent and report all items of significance to the Director-General and the Audit Committee.
- Reporting Corruption, Fraud, Abuse & Waste
The POTRAZ Internal Audit & Risk function maintains an open communication channel to facilitate the reporting of allegations of fraud, waste, abuse, or mismanagement in POTRAZ programmes or operations. If you wish to report such allegations, you may call, send a letter, or email the POTRAZ Internal Audit & Risk as identified on this page below. Allegations may be reported by POTRAZ employees, POTRAZ contractors, or the general public.
Issues that should be reported include:
- Contract and Procurement Fraud
- Fraud in the Universal Service Fund (USF) and other POTRAZ programmes and projects
- Computer Crimes
- Corruption, Bribery & Kickbacks
- False Statements and False Claims
- Conflicts of Interest and Ethics Violations
- Travel Fraud
- Theft and/or Abuse of POTRAZ Property
- Other Violations of State Laws and Regulations
You are encouraged to provide relevant and specific details, including the identity of the person, company, or organization alleged to have engaged in wrongdoing; a description of the alleged impropriety; the POTRAZ facility and project/programme affected by the alleged misconduct; contract numbers; date(s) of alleged wrongdoing; how you are aware of the alleged impropriety; the identity of potential witnesses; and the identity and location of supporting documentation.
Report Corruption, Fraud, Waste & Abuse
Phone: +263-772 157 980