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Internal
Audit
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Each Spring, the Director of Internal Audit prepares an audit plan that is submitted to University Administration for review
and approval. The audits included in this plan are selected based on input from the Department's staff,
University Senior Administration, and other University managers and employees.
Audit selection is based on several factors. Some are required by State, Federal, or other regulatory agencies.
Others are requested by University management. However, most are selected based on a number of factors including:
- The degree of risk or exposure to loss
- The result of the on-going examination of internal controls
- The results of audits by external auditors
- The results of previous internal audits
- The extent of compliance with standard University policies and procedures
- Random selection on a rotating basis to ensure periodic contact with campus units
- Changes with operations and/or personnel
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