About Internal Audit

The UA Internal Audit Department was started in May of 1995.

Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. Internal Auditing reviews the reliability and integrity of information, compliance with policies and regulations, the safeguarding of assets, the economical and efficient use of resources and established operational goals and objectives.  Internal Audit consults with management, the university community and various constituents to help the University achieve its goals.  We work independently to ensure compliance with policies, rules and regulations and state and federal requirements.  We proactively focus our efforts on the risks and exposures having the greatest potential or actual impact to the University and remain flexible with both our resources and approach in order to react appropriately to rapidly changing conditions.  Internal Audit staff are trained professionals with business degrees in accounting or related fields.  We participate in a variety of continuing education programs directed toward current issues in Higher Education and Internal Auditing.  Our goal is to provide you with skilled professional support that will enable you to more effectively fulfill the mission of your department.

Types of Audits Performed by Internal Audit Department

Financial audits address questions of accounting and reporting of financial transactions, including commitments, authorizations, and receipt and disbursement of funds.  Accounting controls are designed to safeguard assets and ensure the accuracy of financial records.  Operational audits review operating information and the means used to identify, measure, classify and report such information; review the means for safeguarding assets; provide analysis and evaluation of operational results with comparison to established University goals, objectives, plans, policies, directives and procedures.  Compliance audits determine the degree of adherence to laws, policies and procedures.  Follow-up audits are conducted for previously completed audits to ensure proper compliance and successful implementation of prior audit recommendations.  Investigative audits review reports of possible waste, fraud or abuse.  They are specifically requested by a departmental or administrative unit, with Senior Management concurrence, as requiring immediate audit review.