Objective & Scope
"Internal auditing is a service function. It is organized and operated primarily for the purpose of conducting audits, in accordance with professional standards, of systems of internal control, including operational controls and information systems processing applications and techniques. The evidential matter gathered from these audits forms the basis for furnishing opinions and other relevant information to affected members of management and the board of directors, or audit committees thereof, as is necessary in the opinion of the chief auditor and performing members of the audit team. Opinions and other information furnished may attest to the adequacy of internal control, the degree of compliance with established policies and procedures, and/or their effectiveness and efficiency in achieving organizational objectives. They may also recommend cost effective courses of action for management to consider in eliminating unnecessary risks identified by the audits."*
The Office of Auditing and Management Services and its staff serve the institution by helping to identify and reduce risks, ensuring that the Board of Regents' and University policies and procedures are followed and established standards are met, that resources are used efficiently and effectively, and that the University's objectives are achieved.
*Internal Auditing Manual, Second Edition, by James D. Wilson & Steven J. Root.