The University environment requires a multifaceted or integrated approach to serve the needs of the community. A combination of specific skills, specialization and experience is needed - assembling audit resources into a "perfect" blend. Therefore, our objective as a service to the University (as outlined in COSO* and professional internal auditing standards) is to assist in:

  • Ensuring adequate internal controls.
  • Ensuring operational effectiveness (doing it right) and/or efficiency (doing it well).
  • Ensuring compliance with laws, regulations and policies.

The function accomplishes these objectives through a systematic, disciplined approach designed to measure how the function impacts the University (enhance revenue, manage costs, improve processes and most of all - control risks).

*COSO: The Committee of Sponsoring Organizations of the Treadway Commission provides guidance on organizational governance, business ethics, internal control, enterprise risk management, fraud and financial reporting.