Internal Audit assists management by providing independent appraisals of the University’s financial, operational, and control activities. Internal Audit reports on the adequacy of internal controls, the accuracy and propriety of transactions, the extent to which assets are accounted for and safeguarded, and the level of compliance with institutional policies and government laws and regulations. Although the primary responsibility for establishing and maintaining an adequate system of internal control rests with management, Internal Audit makes recommendations to management to improve internal controls based on system testing and control analysis. By performing these activities, Internal Audit is an important participant in the Internal Control Program.