The Internal Audit department is a staff function in the North Dakota State University administration. The department assists all levels of administration in the achievement of University goals and objectives by striving to provide a positive impact on the efficiency and effectiveness of administrative functions. The department achieves this impact by providing independent appraisals, analyses, and counsel related to assessment of business risk, identification and implementation of internal control improvements, enhancements to the efficiency and effectiveness of business functions, and compliance with Federal and State regulations and University policies and procedures. The University's policy on internal auditing is incorporated in the NDSU Policy Manual Section 719 .
Audits are to be conducted periodically so all major systems are reviewed every two years.
Determining the reliability and adequacy of the accounting, financial, and reporting systems and procedures. Determining the extent to which University assets are accounted for and safeguarded from losses of all kinds, and verifying, on a test basis, the existence of assets. Evaluating operational procedures to determine whether results are consistent with established objectives and goals, and whether the procedures are carried out as planned. Evaluating the design of major new electronic data processing systems and major modifications to existing systems before installation to determine whether the system of internal control is adequate, effective, and efficient. Sufficient information regarding system internal controls must be provided to the auditors before installation.