• People
• Maps
• A-Z Index

The Audit Process

Every area of the University is different; therefore, every internal audit is different. However, the process followed in conducting each audit consists of common elements including:

• Opening conference to discuss audit objectives, scope, and timing.
• Preliminary review consisting of information gathering and preliminary assessment of internal controls.
• Testing to ensure the internal control structure is functioning as intended.
• Exit meeting to review issues and potential report comments.
• Draft audit report that contains proposed recommendations on internal control strengthening.
• Management's written response, made within thirty days, to the draft recommendations.
• Final audit report including management responses.
• Summarized report of findings and management responses to the Board of Trustees Audit Visiting Committee.
• Follow-up to verify the status of management's control improvements.