The provision of assurance to the organization and enterprise-wide effective internal controls to minimize the impact of possible risks has been a critical component of Internal Audit. The PFMA report thus made it compulsory for every public entity to have an independent Internal Audit function to meet the pre-defined objectives, whilst the King II emphasizes the importance of this requirement. 

The Internal Audit function is a necessary tool and pillar of support in the Corporate Governance and Risk Management focus of Ithala Corporation.  Internal Audit services are provided by a team of skilled professionals having various experiences and backgrounds with a combination of technical skills for Internal Audit and Risk Activity. In line with the business strategy, the internal audit unit has developed and implemented a new Audit Strategy that aligns and navigates the activity to ensure the achievement of business goals/objectives.