1. Introduction
This General Audit Policy outlines the Central Equatoria Business Union’s (CEBU)
commitment to maintaining a rigorous and independent audit process to ensure the
financial integrity and operational efficiency of its member businesses.

2. Objective
The objective of this policy is to establish a systematic and disciplined approach to
evaluate and improve the effectiveness of risk management, control, and governance
processes within CEBU member businesses.

3. Principles
The following principles underpin this policy: • Independence: Audits will be conducted in an impartial and unbiased manner.

• Transparency: Audit processes and results will be communicated clearly and
openly.

• Integrity: Auditors will uphold the highest standards of professional and ethical
conduct.

• Accountability: Audit findings will be used to hold members accountable for their
business practices.

4. Policy Guidelines

• Scope of Audit: Audits will cover all aspects of a business, including financial, operational, and compliance areas.

• Audit Planning: Audits will be planned in advance, with clearly defined objectives, scope, and methodology.

• Audit Execution: Audits will be conducted in a systematic and disciplined manner, with evidence-based findings and conclusions.

• Audit Reporting: Audit results will be reported promptly and accurately to the
relevant stakeholders.

• Follow-up: Recommendations from audit findings will be followed up to ensure
implementation and continuous improvement.

5. Implementation

• Audit Committee: An Audit Committee will be established to oversee the audit
process, including planning, execution, reporting, and follow-up.

• Internal Auditor: An Internal Auditor will be appointed to conduct audits in
accordance with this policy and the standards of the auditing profession.

6. Monitoring and Evaluation
The Audit Committee will monitor and evaluate the implementation of this policy on
a regular basis. The committee will review the effectiveness of the audit process and
make necessary adjustments to enhance its impact.

7. Review
This policy will be reviewed every two years to ensure its continued relevance and
effectiveness in maintaining the financial integrity and operational efficiency of
CEBU member businesses.

8. Conclusion
Through this General Audit Policy, CEBU is committed to maintaining a rigorous and
independent audit process that contributes to the financial integrity, operational
efficiency, and overall credibility of businesses in