Vision & Mission
Vision
Internal Audit is the University's most valued resources for
financial, operational, and control activities.
Mission
Internal Audit exists to support administration and the Board of
Trustees in the effective discharge of their responsibilities. Using our knowledge and
professional judgment, we will provide an independent appraisal of the
University's financial, operational, and control activities. We will report on the
adequacy of internal controls, the accuracy and propriety of transactions, the extent to
which assets are accounted for and safeguarded, and the level of compliance with
institutional policies and government laws and regulations. Additionally, we will provide
analyses, recommendations, counsel, and information concerning the activities reviewed.
Our Objectives in
Accomplishing Our Mission Include the Following:
- Determine the accuracy and propriety of
financial transactions
- Evaluate financial and operational procedures
for adequacy of internal controls and provide advice and guidance on
control aspects of new policies, systems, processes and procedures
- Verify the existence of University assets and
ensure that proper safeguards are maintained to protect them from
loss
- Determine the level of compliance with
University policies and procedures, state and federal laws and
government regulations
- Evaluate the accuracy, effectiveness and
efficiency of the University's electronic information and processing
systems
- Determine the effectiveness and efficiency of
organizations in accomplishing their mission and identify
operational opportunities for cost savings and revenue enhancements
- Provide assistance and a coordinated audit
effort with the Indiana State Board of Accounts and other external
auditors
- Investigate fiscal misconduct
Values
In carrying out our mission, we share certain beliefs and values.
- Our primary
focus is to provide excellent service to the University. Our examinations will be
performed in accordance with applicable standards established by the American Institute of
Certified Public Accountants (AICPA), Institute of Internal Auditors (IIA), Government
Accounting Office (GAO), etc.
- We are
committed
to the highest degree of fairness, integrity and ethical conduct in the performance of our
mission. We will adhere to the Code of Ethics as established by the Association of College
and University Auditors (ACUA). Furthermore, we will not issue a report without first
allowing the recipient the opportunity to review, challenge, question and respond to our
findings and conclusions.
- Our
relationships with the University community will be characterized by respect, helpfulness,
sharing, patience, and openness.
- We are
committed
to maintaining our professionalism as internal auditors through continuance of our
education and training.
- Although we
are
a part of the University we are committed to maintaining our independence in defining the
scope and objectives of our examinations.
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