The core function of Internal Audit Division (IAD) is to provide assurance to the Audit Committee and the Management that the internal control risks in the Corporation are understood, managed and mitigated properly. It carries out its function through review and monitoring of activities of various functions of HBFC Ltd. in compliance with their documented procedures and polities of Board of Directors, and according to the International Standards for the professional Practice of Internal Auditing. It is free and independent in its function.

The structure of the Division is as follows;

• Pre-Audit Section
• Post-Audit Section
• Zonal Audit Coordination Section and
• Commercial Audit Section

Vision Statement of IAD

Internal Audit Division's vision is to see the Division as a dynamic and vibrant one, resting at the zenith of professional excellence, providing highest level of comfort to both the management and the auditees in their respective spheres.

Mission Statement of IAD

Internal Audit Division's mission is to provide a wide range of quality audit services aimed to value addition and improve the Corporation's operations with a view to achieve the Corporation's overall mission and the management's objectives of improving the efficiency and effectiveness of risk management, control and governance process.