The State University West Georgia
Business & Finance Division
Department of Internal Audit Assessment
FY 2002 - 2003
Institutional Mission Reference
The mission of the Department of Internal Audit is to support the University in the pursuit of its mission to provide opportunities for intellectual and personal development through quality teaching, scholarly inquiry, creative endeavor and service for the public good.
Institutional Goals Supported
The Department of Internal Audit is committed in its support of the University in its continuous pursuit of maintaining its utmost reputation for maintaining its high level of standards and ethics in providing the West Georgia community the opportunities to continuously improve their intellect and personal development. The Department of Internal Audit provides management with an objective view by means of evaluation and recommendations relating to the quality of these opportunities offered to its customers. (Students, faculty, staff and community
Intended Objective 1
Ensure through coordination of Federal, State, Regents, and Institutional audits to provide the University an objective opinion designed to add value and improve the University’s operations.
Method for Assessing Objective 1
- Evaluate the risk exposure for all UWG’s auditable areas
- Conduct objective evaluation and analysis
- Assist auditable areas development and implement corrective action
Intended Objective 2
- Public Safety audit
- Bookstore audit
- Sales Tax Process Review (management’s request-continuous improvement)
- Safeguard Activity Report (Federal requirement)
- State Auditors’ A-133 audit (Federal requirement)
Comply with the industry standards, as defined by the Institute of Internal Auditors’ Professional Standards.
Method for Assessing Objective 2
- Participate in the University System’s Peer Review process, including the initial phase of self-assessment.
- Perform the duties and responsibilities within the guidelines set forth in the Institute of Internal Auditors’ “Standards for the Professional Practice of Internal Auditing.”
Intended Objective 3
- FY 2002 System Initiative
- Results of Self-Assessment
- Team member participating in Peer Review of another of the System’s institution
- Recipient of Peer Review by fellow System’s auditors
Satisfy the expectations and needs of management.
Method for Assessing Objective 3
- Develop an audit plan, approved by the University’s senior administration and the System’s audit committee.
- Ensure the examination and evaluation of the adequacy and effectiveness of the University’s system of internal controls.
Intended Objective 4
- FY 2003 Audit Plan
- Conduct approved audits in compliance with the recognized, industry Standards.
Conduct audits, scheduled and unscheduled, in order to provide management an independent appraisal of the University’s compliance with policies, procedures, laws, and regulations.
Method for Assessing Objective 4
- Test key controls designed to ensure compliance.
- Identify weaknesses and make constructive recommendations that lead to qualified decisions by UWG’s administration.
- Travel/Cash Advances ((Studies Abroad)