Audit Services

The Office of Internal Auditors is available to provide a variety of services to the University community. Listed below are some of the services we provide:

Operational Audits

Sometimes called program or performance audits, operational audits examine the use of function resources in order to evaluate whether those resources are being used in the most efficient and effective ways to fulfill the function's mission and objectives. An operational audit includes elements of other types of auditing listed below.

Compliance Audits

These determine the degree of a function's adherence to laws, regulations, policies and procedures. Recommendations often call for improvements in processes and controls, intended to ensure compliance with regulations and policies.

Financial Audits
 

Financial audits address the questions of accounting and reporting of financial transactions, including commitments, authorizations, and receipt and disbursement of funds. The purpose is to verify that there are sufficient controls over cash and cash equivalent assets and that there are adequate process controls over the acquisition and use of resources.

 

Information Systems (IS) Audits

An information system audit, is an examination of the management controls within an Information technology (IT) infrastructure. The evaluation of obtained evidence determines if the information systems are safeguarding assets, maintaining data integrity, and operating effectively to achieve the organization's goals or objectives. These reviews may be performed in conjunction with a financial statement audit, internal audit or other form of attestation engagement.

 

Investigative Audits

Are performed when appropriate. These audits focus on alleged civil or criminal violations of laws or violations of university’s policies and procedures that may result in prosecution or disciplinary action. Fraud, internal theft, use of University’s resources for personal gains, and conflicts of interest are examples of reasons for investigative audits.