The scope of Internal Audit encompasses the examination and evaluation of the adequacy and effectiveness of the University’s systems of internal controls to achieve the stated goals and objectives. The scope includes:
- Reviewing the reliability and integrity of financial and operating information and the means used to identify, measure, classify, and report such information.
- Reviewing the systems established to ensure compliance with those policies, plans, procedures, laws, and regulations which could have a material impact on operations and reports.
- Reviewing established systems of internal control to ascertain whether they are functioning as designed.
- Reviewing the means of safeguarding assets and, as appropriate, verifying the existence of such assets.
- Reviewing specific operations at the request of the Audit Committee, the Vice Chancellor, or other managers, as appropriate.