Role

The Internal Audit Department is an independent appraisal activity established as a service to management.  It is a management control which functions by examining and evaluating the adequacy and effectiveness of other controls.

Consistent with its mission, the Internal Audit Department provides management with information, appraisals, recommendations and counsel, regarding the activities examined and other significant issues.

The Department executes an approved service plan and performs the following tasks in accordance with its overall strategy:

  • Verify the existence of assets and ensure proper safeguards for their protection.
  • Investigate reported occurrences of fraud, embezzlement, theft, waste, etc.
  • Assess compliance with state and federal laws, and contractual obligations.
  • Evaluate the adequacy of the system of internal control.
  • Evaluate the reliability of information generated by reporting systems.
  • Assess compliance with policies and procedures and sound business practices.
  • Review operations/programs to ascertain whether results are consistent with established objectives and whether the operations/programs are being carried out as planned.
  • Appraise the economy and efficiency with which resources are employed.
  • Educate and train University employees regarding policies, procedures and sound business practices.
  • Recommend actions that assist the University to achieve its mission.

Written audit reports are furnished to the President and other administrators that include management's corrective action plans.  A review of the corrective action plan is performed with a written follow-up report issued.