Internal Audit Department

1. Operational Audits are designed to "add value" to the area audited, they often consist of analyses of procedural and document flows for efficiency and necessity.

   Most audits performed by the Internal Audit Department are combinations of operational, financial, and compliance auditing.

2. Financial Audits are designed to validate the accuracy, completeness, and authorization of financial transactions, records, and account balances of the audited area. These audits also include analyses of internal controls of the area and system audited.

3. Compliance Audits are designed to review and evaluate compliance with the institution’s policies and procedures, as well as any applicable external (e.g. governmental) rules and regulations. [Link to University Compliance Office]

4. Information Technology (IT) Audits are designed to evaluate controls surrounding computer centers, computer systems, and data input, processing, and output controls. These audits consist of specific IT audit techniques to ensure the adequacy and reliability of controls and to ensure the integrity of data processing.

5. System Development Audits are designed to review and evaluate the adequacy and reliability of manual and programmed procedures and internal controls being developed for an automated system, prior to system implementation. These reviews often last throughout the system’s development life cycle and include participation in the final testing and evaluation of the system.