The Internal Audit Department was established for the purpose of providing management and the Audit Committee of the Board of Trustees with reasonable assurance that the management control systems throughout the University are adequate and operating effectively. Internal Audit provides an independent and objective appraisal of activity for management and furnishes them with analyses, recommendations, counsel, and information concerning the activities reviewed. This includes promoting effective controls at reasonable cost.
To accomplish its mission, the University must maintain the confidence of its faculty, staff, students, alumni, the public, and elected officials, and various other constituencies. The Internal Audit Department provides valuable support in maintaining the public's confidence by performing independent and objective reviews and reporting to the Audit Committee and responsible administrative and academic officers on their findings so that corrective actions or enhancements can be initiated.
The Internal Audit Department assists operating management in achieving University financial and operating goals by evaluating controls to ensure systems function adequately, by identifying weaknesses, and by providing recommendations. Through complete and unrestricted access to records, property, and personnel, Internal Audit provides the University with an additional resource in meeting these goals. With the support of University management and the Audit Committee, the Internal Audit Department provides the highest quality of auditing services, thus enhancing fiscal control at the University.