Therefore, the internal audit review and appraisal does not in any way relieve other persons in the organization of the responsibilities assigned to them. Independence Independence is essential to the effectiveness of internal auditing. This independence is obtained primarily through organizational status and objectivity. The organizational status of the internal auditing function and support accordant to it by management are major determinants of its range and value. The Director of Internal Audit is accountable to the Vice President for Administration and Finance whose authority is to assure both a broad range of audit coverage and adequate consideration of effective action on the audit findings and recommendations.
Objectivity is essential to the audit function.
Therefore, the Internal Auditors should not develop and install procedures, prepare records, or engage in any other activity which they would normally review or assess and which could reasonably be construed to compromise their independence. The Internal Auditors objectivity need not be adversely affected by their review and recommendation of the standards of control to be applied in the development of system and procedures under review. The Internal Audit Office has their own budget which is supported by General Use funds. The staff currently consists of three unclassified full-time positions which includes the Director of Internal Audit and two auditors. The Internal Auditor's duties are to perform internal audits, review programs, assist external auditors, review financial and operational system design and other similar functions.