| Finance and Accounting |
The department co-ordinates all the financial and accounting functions for both the Agency and tea factories as follows:
• Production of timely financial statements.
• Treasury functions including management of receipt of tea sales proceeds for factories; forex trading, investment of surplus funds in interest earning portfolios, banking and cash management.
• Advising the boards on the budgetary formulation process and cost control.
• Sourcing of loans from lenders for both expansion of old factories and construction of new ones.
| Internal Audit |
The department deals with appraisals that assist the management achieve the Agency’s Mission and vision. It carries out independent routine audits and consultations covering both the Agency’s operations, her subsidiaries and managed companies, which are aimed at ensuring financial and operational efficiency, effectiveness and controls. Through independent appraisals, any areas of weaknesses and non-compliance are highlighted for remedial action. As a managerial tool, internal audit function measures and evaluates the effectiveness of controls and compliance to policies, regulations and standards.
