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 the University is in compliance. Reviewing the means of safeguarding assets and, as appropriate, verifying the existence of such assets Appraising the economical and efficient use of resources. Reviewing operations or programs to ascertain whether results are consistent with established goals and objectives and whether the operations or programs are being carried out as authorized. Internal audit is an integral part of management's control function. In this capacity internal audit has full and free access to all University activities, records, properties, and personnel.
Internal audit is free to review and appraise all policies, plans, and procedures.
Internal auditing is a service provided to management and, as such, internal audit has no authority to make operating decisions or to direct anyone in operations to take action or implement any of its recommendations. These tasks are the responsibility of the University's management. To permit the rendering of impartial and unbiased judgments essential to the proper conduct of audits, internal auditors will be independent of the activities they audit. For audits of the University's internal control system, the internal auditor will, in all instances, have complete authority and autonomy in conducting such audits as long as the auditor remains in compliance with generally accepted auditing procedures. Per the Board's policy, Internal Audit and Advisory Services Director will report to the President, and for administrative matters will report to the Vice President of Finance and Administration.