Fort Valley State University

How to Contact the Office

You can call us by telephone (478) 825-6449 or by e-mail at eferighi@fvsu.edu.

Definition

Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps Fort Valley State University accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance process. This office is established within the organization to examine and evaluate activities as a service to the university. It is a managerial control, which functions by measuring and evaluating the effectiveness of other controls.

Mission

The mission of the Internal Audit Office is to provide independent objective assurance and consulting services designed to add value and improve the organization’s operations. Internal Audit Office assists the President in the effective discharge of his duties by furnishing objective analyses, appraisals, and recommendations related to the activities reviewed. It helps the organization accomplish its objectives by bringing systematic disciplined approach to evaluate and improve the effectiveness of risk management, internal controls and governance processes.

Charter

The Charter is a formal written document that defines the purpose, authority, and responsibility of the Internal Audit Office. The Charter establishes the Internal Audit Office’s position within the organization; authorizes access to records, personnel, and physical properties relevant to the performance of engagements; and defines the scope of work.

The Director of Internal Audit and the staff of the Internal Audit Office are not authorized to:

• Perform any operational duties for the organization.
• Initiate or approve accounting transactions external to the Internal Audit Office
• Direct the activities of any department’s employees not employed by the Internal Audit Office, except those who have been assigned to assist the audit team.

Responsibilty

The Director of the Internal Audit, in the discharge of his duties has the responsibility to:

• Provide annual assessment on the effectiveness of the organization’s controls in managing its risk and activities.
• Report potential improvement to those controls.
• Provide periodic information on the status of the annual audit plan and sufficiency of the Internal Audit Office’s resources.
• Present a quarterly report to the Board of Trustees.

Speak Up

If you ever have a concern regarding unethical activity, don’t keep it to yourself. Please discuss it with the Internal Auditing and Management Services Office. Or, if you prefer to remain anonymous, you can visit www.reportlineweb.com/FVSU or call 877-516-3430.

Scope of Work

The scope of work of the Internal Audit Office is to determine whether the organization network of risk management, internal controls, and processes, as designed and represented by management, are adequate and functionin in a manner to ensure that:

• Risks are appropriately defined and managed.
• Interaction with the various governance groups occurs as needed.
• Significant financial, managerial, and operating information is accurate, reliable, and timely.
• Employees’ actions are in compliance with policies, rules, procedures and applicable laws and regulations.
• Resources are acquired economically, used efficiently, and protected adequately.
• Quality and continuous improvement are fostered in the organization’s control process.
• Significant legislative or regulatory issues impacting the organization are recognized and appropriately addressed.
• Opportunities for improving management control, profitability, and the organization’s image.

Authority

The staff of the Internal Audit Office reports to the President. The Director of the Internal Audit is authorized to:

• Have full and free access to the President.
• Have complete and unrestricted access to records, personnel, and physical properities relevant to the performance of engagements.
• Delegate duties, allocate resources, select subjects, determine scope of works, and select required techniques to accomplish objectives.
• Obtain necessary assistance of personnel in audited units and other specialized services within or outside the organization.