The Role of the Internal Audit Department Definition of Internal Auditing Inter
Myerson, Russ, Executive Vice President has reference to this Academic Journal, PHwiki organized this Journal The Role of the Internal Audit Department Definition of Internal Auditing Internal auditing is an independent, objective assurance in addition to consulting activity designed to add value in addition to improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate in addition to improve the effectiveness of risk management, control, in addition to governance processes. The Institute of Internal Auditors Were Here to Help! Identify Risks Find Better Ways in addition to Best Practices Partner With You to Find Solutions Prevent Problems
This Particular University is Related to this Particular Journal
We Report to the Board of Regents Audit Committee – Ensures independence Elevate issues to a level where they can be corrected Keeps Regents in as long as med Meets quarterly What is Risk Based Auditing Focus on risk of occurrences that could prevent the University from achieving its goals There are many types of risk fraud, improper reporting, ineffective or inefficient use of resources, credibility loss, etc. Focus on areas with high risk in addition to high probability that controls are not in place or are weak We have a plan! Risk based audit plan developed with input from across the University Risk factors: Impact Probability Controls
What Is the Plan List of audits as long as fiscal year Based on risk assessment in addition to available man hours Includes estimated budget hours in addition to completion date Approved by Audit Committee Auditable Entities WE DO AUDIT Operations in addition to compliance Departments Colleges or Schools Programs, Grants, Contracts In as long as mation Technology Systems University-wide Processes WE DO NOT AUDIT Specific individuals Human Resource issues Sexual harassment or other civil rights issues Internal Audit is Intake Point as long as Whistleblowers University policy requires Internal Audit to receive reports of Misconduct Fraud Several ways to report Hotline E-mail Phone Walk in
Investigations of Fraud in addition to Employee Misconduct Whenever possible we will refer to the appropriate Dean, University Police, OEO or Human Resources as long as investigation University policy requires Internal Audit to investigate if financial or operational Internal Audit coordinates in addition to reports to the State Auditor Who Are We We are University employees We are certified public accountants, internal auditors, fraud examiners in addition to in as long as mation system auditors We are a staff of 7 auditors Its the little things that get you! Misreporting hours. Forgetting to obtain prior approval when needed. Using estimates that are not supported. Any violation of University policy.
Preventive Measures Make sure your controls are working Review in addition to reconcile Check the work of your subordinates Dont give in to the temptation to skip controls because you are busy! What is included in the audit report What was found Why it happened What is required What effect it has Recommendation as long as improvement Response who, when in addition to how What happens after the audit Follow-up Review corrective action Report to Audit Committee
Who Audits the Auditors We must have a peer review at least once every five years Our St in addition to ards are set by the Institute of Internal Auditors, in addition to the American Institute of Certified Public Accountants We Want to Know How We Are Doing At the completion of each audit we will send an after-audit-survey We want you to rate our per as long as mance Were we professional, helpful, timely in addition to did we add value Please take the time to give us your feedback. We are here to help We provide training Respond to policy in addition to technical accounting questions Offer suggestions as long as improvement Advisory role
Christine Chavez Director of Internal Audit 277-5016 1801 Roma NE
Myerson, Russ Executive Vice President
Myerson, Russ is from United States and they belong to CW Network, The and they are from Burbank, United States got related to this Particular Journal. and Myerson, Russ deal with the subjects like Entertainment Programming; Music Programming
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