The Office of Internal Audit has no direct responsibility for, nor authority over, any of the activities, functions or tasks they review. Accordingly, Internal Audit does not develop or write policies or procedures that they may later be called upon to evaluate. However, ownership of, and responsibility for these materials remains with management not Internal Audit. All audit work meets the auditing, professional standards and codes of ethics promulgated by the Institute of Internal Auditors, the National Association of Certified Fraud Examiners, and the American Institute of Certified Public Accountants. Each member of the department is expected to consistently demonstrate high standards of conduct and ethics as well as appropriate judgment, independence and discretion.
Members maintain a professional image and protect auditee confidences and confidential information.
The Director prepares an annual Internal Audit Plan for approval by the President and then the Audit Committee at its spring meeting. All proposed additions, deferrals or deletions to the Internal Audit Plan are discussed in advance with the Chief Financial Officer, and reported regularly to the President and Chairman of the Audit Committee. Reporting All audit work is summarized in timely written reports distributed to an appropriate list of recipients. In general, reports are distributed to the President, the Provost, the Chief Financial Officer, the General Counsel, the Comptroller, and the University's external auditor, as well as the auditee, their immediate supervisor, and other unit heads affected by audit findings. The Director attends and presents a written report to the Audit Committee at each of its meetings.