Reviewing the systems established to ensure compliance with those policies, plans, procedures, laws, and regulations which could have a significant impact on operations and reports, and determining whether Wichita State University is in compliance. Reviewing the means of safeguarding assets and, as appropriate, verifying the existence of such assets. Appraising the economy and efficiency with which resources are employed. Reviewing operations or programs to ascertain whether results are consistent with established objectives and goals and whether the operations or programs are being carried out as planned. Inc. This responsibility includes coordinating internal audit activities with others, including other auditors, so as to best achieve the audit objectives and the objectives of the organization.
Auditors have no authority over, or responsibility for, the activities they audit.
Audit review and appraisal does not relieve other persons of responsibilities assigned to them. The internal auditors are to have full access to all records, properties, and personnel relevant to the activity under audit. Any activity is subject to audit except that audits of related corporations' activities shall be by invitation. The Director of Internal Audit is to be advised of all external auditors who are performing audits of university or related corporation records.