Types of Services

Types of Audits

Administrative Internal Control Reviews (AICR)

Determine whether the unit is conducting its financial and business processes under an adequate system of internal control, as required by College policy and guidelines and good business practice.

Compliance Audits

Determine the adequacy of a unit’s system(s) designed to ensure compliance with University policies and procedures and external requirements.

Financial Audits

Address the accounting for, and reporting of, financial transactions, including commitments, authorizations, and receipt and disbursement of funds. The purpose of this type of audit is to verify that sufficient controls exist over assets, liabilities, revenues, and expenditures and that there are adequate controls over the acquisition and use of resources.

Information Technology (IT) Audits

Address the internal control environment of automated information processing systems and how people use those systems. IT audits typically evaluate system input, output, and processing controls; backup and recovery plans; system security; and computer facilities. IT audit projects focus primarily on systems in the development stage.

Operational Audits

Examine the use of unit resources to evaluate whether those resources are being used in the most efficient and effective ways to fulfill the unit’s mission and objectives. An operational audit can include elements of a compliance audit, a financial audit, and an IT audit.

Investigative Audits

Focus on alleged civil or criminal violations of state or federal laws or violations of University policies and procedures that may result in prosecution or disciplinary action. Allegations of theft or misuse of University assets, white-collar crime, and conflicts of interest are examples of issues addressed by investigative audits.

Types of Services Provided

Services provided to internal clients include:

• Assist the College in obtaining its goals in an efficient and effective manner by recommending procedures to improve controls and operational efficiencies.
• Recommendations
  • Internal controls
  • Economical and efficient use of resources
• Opinions
  • Degree of compliance
  • Adequacy of financial records
• Measurements of Compliance
  • University policies and procedures
  • Government laws and regulations
  • Sponsored grant and contract requirements
  • Donor restrictions on use of funds
• Special Projects
  • Risk and controls assessment
  • Management advisory services
  • Conflicts of interest reviews
  • Financial irregularity reviews
• Professional Development
  • Internal control techniques
  • Risk and controls self assessment

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