Audit Services
The Office of Internal Auditing (OIA) works with management in a partnership/service function in evaluating the efficiency and effectiveness of University operations. The size of the audit staff limits the number of audits that can be performed each year. When scheduling conflicts arise, senior management will be consulted to determine priorities.
The following types of audit services are provided by the Office of Internal Auditing:
Operational audits determine if processes developed by management are both efficient and effective.
Compliance audits are performed to determine the extent of adherence to laws, rules, regulations, policies and procedures. Compliance may be reviewed for adherence to Federal, State and local laws, in conjunction with other regulatory agencies.
Financial audits address issues related to the proper accounting and reporting of financial transactions, including authorizations, cash receipts, cash disbursements, and commitments to purchase.
Information technology (IT) audits are performed to examine and evaluate the adequacy of policies, procedures, processes, software and hardware functions and organizational structures utilized in the management of information systems and resources. The primary objective of an IT audit is to determine if processes and controls are in place to safeguard assets, ensure data integrity and maintain continuity of operations.
Investigative audits are performed in response to allegations received from the University's Hotline or other external sources.
The OIA performs follow-up audits on all audit issues after the issuance of an audit report by either the OIA or the North Carolina Office of the State Auditor. During the follow-up audit process, the OIA performs the appropriate testing and reviews the steps taken by management to resolve the reported issues.
Consultative services are provided to management on new services/projects or on process development teams. The OIA provides an objective perspective and provides management with proactive recommendations to ensure that management's objectives are successful.
The OIA provides assistance to the North Carolina Office of the State Auditor upon request.
The OIA may be called upon to perform special projects by the UNC System Office, the Board of Trustees, the Chancellor, or other University management.
