The mission of Audit and Consulting Services is to help management and the Board of Trustees ensure that the university's assets and information are adequately protected, university operations are efficient and effective, and the university is complying with applicable policies, laws, and regulations.
Goals and Objectives
To accomplish this mission, Audit and Consulting Services strives to:
Identify significant internal control weaknesses and policy violations in departmental and functional financial operations and provide practical and effective recommendations for improvement.
Identify significant weaknesses in the confidentiality, integrity, and availability of information systems and provide practical and effective recommendations for improvement.
Identify inefficient or ineffective operations and provide practical and effective recommendations for improvement, as requested by management.
Conduct cost analyses of services or processes with reasonable accuracy using cost accounting principles, as requested by management.
Investigate substantive allegations of fraud, waste, and abuse of university assets in a legal and objective manner to identify losses to the university and parties responsible.
Identify, through risk assessment tools, the significant risks to the university's financial operations and information at the department and functional levels.
Safeguard, through the office's compliance function, the university community from the regulatory risks it faces by identifying compliance risks, promoting awareness of those risks and our compliance efforts through communication and education, and developing innovative and effective ways to mitigate compliance risks through collaboration with the university community.
Ensure objectivity in evaluations performed and recommendations made by maintaining an appropriate degree of independence from university operations.
Maintain a staff of qualified professional employees who are knowledgeable of the university's policies, procedures, and operations.
Maintain operating standards consistent with those established by the Institute of Internal Auditors.
Communicate recommendations to university management and other interested parties by producing clear, effective, and timely reports.
Maintain a working relationship with the state comptroller's office.
Provide education to the university community on sound business practices and internal controls.