Internal Audit

Internal Auditing is an independent and objective assurance and consulting activity that is guided by a philosophy of adding value to improve the operations of the University of Idaho. It assists the university in accomplishing its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of the organization’s risk management, control, and governance processes.

Mission

The mission of the Internal Audit department is to provide independent and objective assurance and consulting services designed to improve the effectiveness of risk management, control and governance processes, as well as add value and improve the operations and performance of the University of Idaho.

Purpose/Scope

It is the policy of the University of Idaho to support an Internal Audit department as an independent appraisal and consulting function which examines and evaluates University activities as a service to management and the Audit Committee of the Idaho State Board of Education (SBOE) in the effective discharge of their responsibilities. To this end, Internal Audit will furnish these client groups with analyses, recommendations, counsel and information concerning the activities and operations reviewed.
The purpose includes promoting effective internal controls in order to achieve business goals without undue risk and by promoting effective control at a reasonable cost.

The department provides support in maintaining public confidence by performing independent and objective reviews and reporting to the Audit Committee and responsible administrative and academic officers on their findings so that corrective actions or enhancements can be initiated.