Auburn University Internal Audit Charter
Purpose and Scope
Internal Auditing is an independent appraisal activity established
to examine and evaluate the activities of the University as a service
to management and the Board of Trustees. Internal Auditing assists management
in accomplishing their objectives by bringing a systematic, disciplined
approach to evaluate and improve the effectiveness of risk management,
internal control, and governance processes so that:
- University assets are safeguarded;
- Information is accurate and reliable;
- University policies and procedures and external laws and regulations
- Resources are used efficiently and economically;
- Operations and programs are being carried out as planned and
results are consistent with the University’s objectives.
Authority and Responsibility
Internal Auditing is authorized to have full, complete
and unrestricted access to all University records, physical properties,
and personnel relevant to an audit project or assignment. Internal
Auditing will handle any documents and information obtained or reviewed
during an assignment in a prudent and responsible manner. In fulfilling
their responsibilities, internal auditing shall have the responsibility
- Develop a flexible annual audit plan using an appropriate
- Submit the annual audit plan to the Audit
Committee of the Board of Trustees for their input and approval.
and perform audits and reviews as noted on the audit schedule.
special administrative requests, special projects, investigations
and consulting services as requested by management and
deemed high risk by the Executive Director.
- Make recommendations
for improvements to the systems of risk management, internal
control and governance processes.
- Report the results of audit work
to the appropriate level of management and the Audit Committee.
an annual written report of audit activities to senior management
and the Audit Committee.
- Work with the external auditors and
other agencies to seek to avoid redundancies in audit effort.
appropriate professional development to ensure the staff has
the skills and abilities to perform audit assignments.
- Keep the
Audit Committee and management aware of emerging trends regarding
internal controls, risk management, governance and
- Strive to comply with the International
Standards for the Professional Practice of Internal Auditing
and Code of Ethics as issued by
the Institute of Internal Auditing.
Approved by the Auburn University Board of Trustees
November 12, 2004
Last Updated: January 24, 2011