A formal or official examination and verification of the activities of an organizational unit, system, function, or other aspect of the University's operations which will result in a written report. It may include a review of:
Economy and efficiency of operations
Effectiveness in achieving program results
Compliance with laws, regulations, and policies
One of Internal Auditing's primary concerns is to reduce the University's risk or exposure to a loss. As a result, some audits are mandated. We also have the capability and desire to help you improve your operations through non-mandated audits. Internal Auditing can help you answer such diverse questions as the following:
Are we using our resources productively?
Are our computer files secure?
How can we find out whether someone is misusing our department's resources through expenditure control?
What controls should we have to ensure that our new departmental cash control system is sound?
In the following sections, let's examine the specific ways Internal Auditing can help you.