The primary ways an area can be selected for review are from the: (1) annual audit plan (2) administrative requests or (3) from employees, students, and outside parties who provide confidential informational tips regarding incidences of fraud, theft, or abuse of University assets or property.
Each year, the Office of Internal Audit, under the Board of Trustees, determines the next year’s auditing schedule. The schedule is planned in detail, based upon the number of available working hours in the coming year, and the anticipated hours required for the performance of each scheduled audit. A number of hours will also be allocated for administrative requests. An administrative request includes the President, Cabinet, and any department heads.
The Office of Internal Audit will assess the internal and external risks associated with each area on campus, as well as the last time an evaluation was performed, and prioritize the audits accordingly.