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Services Offered

 

Our services include assurance and consulting activities in the following areas.

 

COMPLIANCE - Compliance audits determine the degree to which the University or a University unit adheres to laws, regulations, policies, procedures, or contract agreements.

 

CONSULTING/SPECIAL REQUESTS include advisory and client-requested activities.

 

FINANCIAL - These audits are examinations of financial transactions and systems/procedures used to process them. These types of audits may also include assessment of balances or amounts on financial statements or reports.

 

FOLLOW-UP AUDITS - This work determines whether management has taken appropriate, effective and timely action to address previously reported issues.

 

INFORMATION SYSTEM/TECHNOLOGY reviews evaluate confidentiality, integrity, availability and reliability of data and programs.

 

INVESTIGATIONS - Internal Audit undertakes investigative audits when circumstances or evidence suggest a fiscal irregularity involving University resources.

 

OPERATIONAL/PERFORMANCE -  Operational audits are designed to test the efficiency and economy of operations. Performance audits are designed to audit progress towards goals or objectives established by University management.

 

WHAT TO EXPECT

When your area is audited, you should expect the following as we plan, conduct and report results.

 

Process

Planning includes a project risk assessment to determine objectives.

Field work includes process and control reviews and testing of transactions.

o We will share opportunities to improve your operations as they are identified and ask for your input as we develop recommendations.

Reporting

o We will share a draft report for your input before final report is issued.

o We will include your management action plan as a part of our final report.

Your input is encouraged at every phase.

 

Results

Some potential results you should expect when we complete our audit are:

• Recommendations for improved controls and more economical or efficient use of resources,

• Conclusions on degree of compliance with policies, procedures, regulations and adequacy of financial records, and

• Assessment of risks and controls