This University has established and supports an Internal Audit Department as an independent appraisal function to examine and evaluate University activities as a service to management and the Board of Control. The Internal Audit Department has direct access to the President of the University, meets with and coordinates communication with the Finance and Audit Committee of the Board of Control, and is administratively supported by the Office of the Vice President for Administration and Business Affairs.
To accomplish its assigned responsibilities, the Internal Audit Department has full access to all University records, properties and personnel, except those exempted by law or University policies, relevant to the subject under review, and is free within the scope of the functions assigned to Internal Audit to review plans, systems, procedures and records.
While performing audits, the following standards will be used:
The objective of Internal Auditing is to assist members of the University in the effective discharge of their responsibilities, and to promote effective controls by furnishing them with analyses, appraisals, recommendations, and information concerning the activities reviewed.
The scope of Internal Auditing encompasses the examination and evaluation of the adequacy and effectiveness of the University system of internal control and the quality of performance in carrying out assigned responsibilities.
In performing its functions, the Internal Audit Department has no direct responsibility for, nor authority over, any of the activities which it reviews. Therefore, the Internal Audit Review Appraisal does not in any way relieve other units in the organization of the responsibility assigned to them; nor are its audits binding on these units. They constitute the auditor's professional opinion about the practices and/or procedures being reviewed.
The functions of the Internal Audit Department are to:
1If the Internal Auditor during the course of the audit learns what that person deems is any serious impropriety, the Internal Auditor, upon notifying the appropriate member of the Executive Committee and the President, may inform the Finance and Audit Committee at the earliest opportunity.
Each response to an audit comment/recommendation is to be placed on a separate sheet of paper in typed form.
The following format should be used:
Title or subject under review
Audit Comment/Recommendation (repeat from audit report)
Responses should be submitted in the following format:
Adopted 5/5/89 EC JAW
(989) 964-4045(989) 964-4045
Administration & Business Affairs