Chapter 12. Internal Audit Department
Internal Audit: An independent appraisal function established within an organization to examine and evaluate its activities as a service to the organization.
To accomplish its assigned responsibility, the Internal Audit department has full access to all University records, properties, and personnel relevant to the subject under review and is free to review and appraise policies, plans, procedures, and records. Questions regarding the authority of an auditor should be directed to the internal auditor or to the secretary of the Board of Control.
In performing its functions, the Internal Audit department has no direct responsibility for, nor authority over any of the activities that it reviews. Therefore, the internal audit review and appraisal does not, in any way, relieve other persons in the organization of the responsibilities assigned to them.
Section 2.03 of the Board of Control bylaws explains the role of the internal auditor. Refer to the Web site to view the bylaws in their entirety.
When the department receives a memo from the Internal Audit department informing them an audit of their area is planned, do the following:
Internal Audit also conducts comprehensive audits of centralized University functions, such as procurement card and petty cash. In the conduct of these types of audits, individuals may be contacted without prior notification if their transactions are selected for review.
Last Revised: 10 January 2002 - activated Search Engine
Copyright © 2001-2002. Michigan Technological University. All Rights Reserved.
Address questions about this page to Ann Roth at email@example.com.