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Purpose and Mission

University Audit serves as the university’s internal auditing function, providing internal audits and reviews, management consulting and advisory services, investigations of fraud and abuse, follow-up of audit recommendations, evaluation of risk management and governance processes, and coordination with external auditors.

The office is the official contact for persons reporting suspected fraudulent or dishonest acts.

The mission of the office is to add value to the university by recommending actions to strengthen internal controls, reduce risk to resources, and improve operations.


Reporting Structure and Independence

To ensure independence of areas audited, the director of University Audit reports directly to the president and has direct access to the Board of Trustees.


Authority

University Audit has the authority to audit or investigate all areas of the university, including its direct support organizations. Audits, reviews, and investigations shall not be restricted or limited by management, the president or the Board of Trustees. University Audit has unrestricted access to records, data, personnel, and physical property relevant to performing audits, reviews, investigations, and consulting services.


Duties and Responsibilities

  • Perform audits and reviews according to the risk-based annual plan, which is approved by the president.
  • Follow-up on management’s progress in implementing internal audit recommendations.
  • Provide consulting and advisory services to management.
  • Support the president, senior management, and Board of Trustees, as requested.
  • Investigate allegations of fraud, waste, abuse, and other wrongdoing, including complaints received under the Florida Whistle-blower law.
  • Maintain a professional staff with sufficient knowledge, skills, experience, and professional certifications.
  • Establish a quality assurance program of internal auditing activities.


Professional Standards

University Audit adheres to the Code of Ethics and the International Standards for the Professional Practice of Internal Auditing adopted by the Institute of Internal Auditors. The office also adheres to the minimum continuing professional education requirements of the Florida Board of Accountancy.