Internal Audit provides the following services:
Assurance Services - Assurance services, otherwise known as audits, are objective examinations of evidence to provide an independent assessment. The scope includes reviewing and evaluating:
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achievement of the University’s strategic objectives;
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internal controls established to ensure compliance with applicable policies, plans, procedures, laws, regulations and contracts;
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the means with which assets are safeguarded;
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the reliability and integrity of financial and operational information;
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the efficiency and effectiveness with which resources are employed; and
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information technology systems to determine if they are appropriately managed, controlled, and protected.
Follow-up Engagements - Follow-up engagements evaluate plans and actions taken to correct reported audit observations.
Consulting Services - Advisory and consulting services are requested by management and are intended to add value and improve an organization’s governance, risk management, and control processes without the Internal Auditor assuming management responsibility. Examples include counsel, advice, facilitation and training.
Investigative Services - Investigations evaluate and substantiate allegations of unethical business practices and/or financial and operational misconduct for management to act upon and to detect, deter and prevent future occurrences.
