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Head of Audit Unit
Overview
The Head of Audit Unit is responsible for overseeing the auditing processes within an organization to ensure financial integrity, compliance with laws and regulations, and the effective use of resources
HEAD OF AUDIT UNIT
MR ALADESUYI ADEKUNLE OLUWADARE
Hon. Idowu Adejumoke Senbanjo, the Executive Chairman of Apapa Local Government Council, brings extensive experience from both the public and private sectors. She holds a Bachelor of Arts (Hons) in Languages and Linguistics from the University of Jos and a Master of Arts in International Law and Diplomacy from the University of Lagos. Her professional career includes roles as Head of Public Sector – South-Western Nigeria, Team Leader in Retail Banking, and Head of Corporate Affairs at Metropolitan Bank. In public service, she has served as Special Assistant to the Lagos State Governor on Housing and Senior Special Assistant on Poverty Eradication. As a committed member of the All Progressives Congress (APC), Hon. Senbanjo has contributed significantly to the political and economic development of Apapa, making her a transformative leader for the community.
Key Functions
Audit Planning and Strategy
Developing and implementing an annual audit plan that covers key areas of financial, operational, and compliance risk across the organization.
Internal Audits
Leading internal audits to assess the effectiveness of internal controls, financial systems, and risk management processes. Identifying areas of improvement and recommending corrective actions.
Risk Management
Identifying, evaluating, and reporting on potential financial or operational risks, ensuring that appropriate risk management strategies are in place.
Compliance Monitoring
Ensuring that the organization adheres to relevant laws, regulations, and policies, and reviewing the implementation of legal and regulatory requirements.
Financial Reviews
Conducting thorough reviews of financial statements and records to verify accuracy, completeness, and compliance with accounting standards and organizational policies..
Reporting
Preparing detailed audit reports for senior management, the board of directors, and external stakeholders, highlighting findings, recommendations, and any areas of concern.
Advisory Role
Providing advice to management on improving financial controls, operational efficiency, and risk mitigation measures based on audit findings.
Team Leadership and Training
Leading and managing the audit team, providing guidance, training, and development to ensure audits are performed effectively and in accordance with professional standards.
Follow-up on Audit Recommendations
Monitoring the implementation of audit recommendations, ensuring corrective actions are taken, and assessing their effectiveness.