The Audit Process

Audits are performed in three general phases: planning, fieldwork, and reporting.  While auditors typically notify the appropriate level of university management regarding the timing, staffing, and scope of engagements included in the annual audit plan, certain procedures (e.g., cash or inventory counts) or certain engagements (e.g., fraud investigations) may be conducted without prior notice.

Audit reports are addressed to the President of the University.  Copies of final reports are normally sent to the executive to whom the individual responsible for the audited area reports and the Audit Committee of the Board of Trustees.  Depending on the subject matter, other individuals may also receive the report.

As required by standards set forth by The Institute of Internal Auditors (IIA), our office has implemented a continuous quality control program that includes self-assessments, performance measures, staff evaluations, and external quality assessments conducted by experienced higher education audit professionals.