PRO-U10.16A Creating The Internal Audit Schedule
Action By:
Internal Audit Director
- Creates a memorandum notifying Audit Committee, President, Provost, Vice Presidents, Deans, Directors and Chairs that the Office of the Internal Auditor is establishing the Audit Schedule for the succeeding two year period. This memo also solicits suggestions for audit services and identification of university risks.
- Sends memorandum requesting management’s audit priorities to University management via interoffice mail or e-mail system.
- Performs a risk assessment of the University’s programs and departments, reviews prior audit work and prior denied audit requests and considers prior communications with university’s external auditors regarding university operations and risks.
- Consults with University Internal Control Officer (ICO) to discuss ICO’s annual risk assessment to identify risks to be considered for audit.
Provost, Vice President, Deans, Directors & Chairs
- Calls, Writes, E-mails or Faxes the Internal Audit Director to notify the auditor of their request(s) for audit services.
- Meets or talks on phone with Internal Audit Director to discuss specific request for audit services, if necessary.
Internal Audit Director
- Documents all audit requests by President, Provost, Vice Presidents, Deans, Directors and Chairs.
- Compiles all audit requests for discussion with the President or designee from steps 3, 4, 5 and 6.
- Meets with the President or designee, discusses management’s and Internal Audit’s lists of audit priorities and obtains the President’s audit priorities.
- Creates a preliminary Audit Schedule.
- Meets with Audit Committee, discusses preliminary Audit schedule document and obtains Audit Committee’s audit priorities.
Audit Committee
- Reviews preliminary Audit Schedule and discusses audit priorities with Internal Audit Director and staff.
Internal Audit Director
- Creates final Audit Schedule and sends to Audit Committee for review and recommendation.
Board of Trustees
- Approves the Audit Schedule.
Procedure Information
Approved By:
President’s Council
Effective Date:
September 16, 2002