Operational Audits:
- Evaluates risks and internal controls of operational systems and resources available to the department to determine if the University’s objectives and goals are being met in the most effective and efficient manner;
- Objectives include determining whether operations are functioning efficiently, effectively, and in accordance with policies, procedures, and the law; and
- Audits include organizational structure, asset management and security, staffing, and productivity.
Financial Audits:
- Assess, evaluate, and make recommendations to the appropriate University’s personnel regarding accounting and financial reporting and activities;
- Reasonably ensure that the financial activity of the University is completely and accurately reflected in the appropriate financial reports and in accordance with applicable State and Federal regulations; and
- Audits include segregation of duties, authorizations and approvals, reviews and reconciliations.
Advisory and Consulting Engagements:
- Review of existing business processes and strategies, as well as implementations; and
- Includes evaluation and provide advice on policies, procedures, process enhancements, and any requests for reviews from the University’s President, Management, or the Institution of Higher Learning.
Investigations:
- Include, but are not limited to, an evaluation of inappropriate activity or behavior in accounts and/or operations (i.e., fraud, waste or abuse of University’s funds/assets); and
- Report any instances of FRAUD, WASTE OR ABUSE at ETHICS POINTS!
Information Systems Audits:
- Assess, evaluate, and make recommendations to management regarding the adequacy of internal controls in place for the University’s information systems, ensuring that automated information processing systems and technologies produce reliable and accurate information in accordance with the University’s policies and procedures, as well as applicable laws and regulations.
Compliance Audits:
- Assess, evaluate, and make recommendations to appropriate University personnel regarding the effectiveness of the University’s compliance program; and
- Evaluate whether the compliance program promotes a culture that fosters ethical and compliant behavior, supported by adequate internal controls.
