The objectives of the plan are, amongst others, to provide management with reasonable, but not
absolute, assurance that:
Inherent Risks are mitigated to an acceptable level;
The risk appetite of the IRBA is compiled to at all times;
Assets, documentation and records are adequately safeguarded;
Financial and operational information is valid, accurate and complete;
Operations are effective and efficient;
Contracts are complied with; and
Laws, Regulations and internal policies are complied with.
The primary safeguard against fraud and corruption, misstatement, irregular and unauthorized
expenditure is an effective system of internal control.