Lines of Business for Internal Audit Services

Internal Audit Service's primary activity in fulfilling its mission is the conduct of a program of regular audits of the University's business operations. However, as the Internal Audit Program has evolved and restructured in recent years, it has expanded to include additional activities in order to enhance the value of services to its customers. The Annual Audit Plan outlines services provided under three types of activities as follows:

Audits

These services include the planned and supplemental program of regular audits of business units (including academic departments) and business processes that cut across all organizational units (e.g., purchasing, travel, etc.).

Investigations

Pursuant to University policy, Internal Audit Services conducts investigations into suspected financial irregularities whether reported by whistleblowers, uncovered in the course of regular audits, or based upon concerns conveyed by management.

Advisory Services

Advisory Services encompasses a broad array of activities beyond regular audits. These additional activities are proactive or preventive in nature and are focused in the following areas:

• Internal Control & Accountability - Promotes the systems of internal controls through training of University personnel in concepts of internal control and consultation on their implementation. These services include our efforts to support the Controllers' accountability initiatives.
• Special Projects and Consultations - Promote effective and efficient operations through special management studies, advisory participation on business process and systems reengineering teams and consultation on business issues (e.g., regulatory compliance matters) and assist department with investigation problems.
• Systems Development and Reengineering - Involves participation with teams and committees to assist in the continued efforts to develop and implement new systems, redesign business processes to be more effective and efficient and deal other business issues. Involvement of auditors in a consultative manner during the design and development phase helps to ensure that sound business practices, including effective internal controls, are built into the systems and processes.