Departments comply with internal and external policies, regulations, and procedures.
Financial statements and reports conform to University, cognizant agency's policies, procedures and generally accepted accounting principles. The Internal Audit Department periodically performs assessments of all University operating units and control functions to identify areas of potential institutional risk. Some reviews are based on risk assessment, others annually. Scheduling an opening conference to discuss audit objectives, timing, and intended report format and distribution. An internal control questionnaire is also completed at this time.