The Internal Audit Director reports administratively to the Vice President for Business and Administration. The Internal Audit Department is expected to follow the standards of confidentiality with regard to sensitive information as applies to staff in the particular area. The Internal Audit Department has no direct responsibility for the operations and functions within audited areas. It can, however, make recommendations regarding the quality of those operations or adequacy of internal controls in the normal course of audits. While the Department will take an active role in the formulation of policy or development of new systems, it will be in an advisory capacity, with final decisions and implementation being the responsibility of the appropriate manager.
Review controls for cost effectiveness and relevance to the current operating environment.
Determine compliance with applicable regulatory or contractual requirements. Recommend operating improvements and assure that operations are in line with organizational goals. Assess the reliability of management information utilized in decision-making processes. Evaluate the effectiveness of existing policies or provide assistance in the formulation thereof, when necessary. Determine whether appropriated funds are used efficiently and for the purposes for which they were appropriated.