Directorate of Internal Audit as an intergral part of the University carries out the oversight function of ensuring that the internal controls set in place by management are adhered to.
Internal control were means the whole system of controls financial and otherwise established by management for the purpose of maintaining the business of the organisation in an orderly and efficient manner. It is primarily targeted at ensuring adherence to management policies, safeguard the assets and secure as much as possible the completeness and accuracy of records.
For ease of coordination of her activities the directorate consists of seven units:

• Expenditure Control Unit
• Treasury unit
• Price Intelligence/monitoring unit
• Payroll and Personnel matters
• Investment and Cost Centres unit
• College Finance unit
• INHURD Audit unit

The activities of the Directorate includes:

• Pre and Post payment audit of all financial transactions of the University.
• Verification of all Supplies/Purchases in various units, Department, Directorates, Colleges and Centres.
• Ensuring adequate security of University Assets by making sure that an up to date record of all fixed Assets are kept in the Asset Register domiciled in all units, Departments, Centres, Directorate and Colleges.
• Ensuring adequate security of University Assets by making sure that all university Assets are inscribed with the University’s name.
• Monitoring of On-going capital projects within the university.
• Ensuring that due process is followed in the award of contracts.
• Verifying whether financial transactions in the University passed the three test of due process namely:
• Process is right
• Winner is right
• Cost is right.
• Monitoring of procurement through the Price Intelligence monitoring Unit which has assisted the University in making a lot of savings.
• Monitoring of cash advances which has created awareness leading to quick response to retirement of cash advances by the University staff members.
• Vouching of payroll and wages listing to ensure that salary payments are error free thereby enhancing the integrity of the payroll system.
• Monitoring of minor works awarded to physical planning and works & services units to ensure value for money is claimed.
• Monitoring of Farm activities both in COBFAS and DUFARMS.
• Effective monitoring of all foreign grants awarded for research by Foreign Donors to ensure operation within the guidelines and agreement of Donor bodies.
• Improvement of Accounting System in FUNIS and staff school and discouragement of instalmental payment of school fees.
• Monitoring of students fees – Post UTME, Acceptances fees, School fees, Hostel fees etc.

DIRECTOR’S PROFILE

The Ag. Head, Internal Audit is Mr. Amubode, Olufisayo Oladayo. He joined the services of the University on 4th December 1992 as Higher Executive Officer (Internal Audit). He rosed through the ranks to become the Deputy Director, Internal Audit in February 2012 and was appointed Acting Head of the Directorate in June 2014.
He is a Chartered Accountant and full member of Institute of Chartered Taxation of Nigeria. He is a graduate of Accounting from Joseph Ayo Babalola University and also possesses Masters of Business Administration from University of Ado-Ekiti.
He is happily married to Dr. (Mrs) Amubode Adetoun Adedotun who is the current Head of Department, Home Science and Management of College of Food Science and Human Ecology of this great University.