TYPES OF REVIEWS
Services offered by the Office of Internal Audit include (but are not limited to) :
Financial Reviews – To review and assess the accuracy of documenting, recording, reporting and disclosure of an entities’ system of internal controls to promote data and financial statement integrity.
Operational Audits- An evaluation of the performance and conformity of an auditable entity or unit relating to its policies and procedures.
Compliance Audits – A focused examination that determines the extent to which the department or operation of the University is functioning within the boundaries of applicable federal and state laws, regulations, policies and standards governing institutions of higher learning.
Investigative Reviews- Assessments which are generally initiated by internal/external parties (stakeholders of the University), University management, and/or as a result of incident initiation through the University Fraud & Ethics Hotline or the Texas State Auditor’s Office Fraud Hotline.
Information Technology Audits and General Computing Controls Reviews – Evaluate internal controls (manual and automated) specific to: security, data integrity and operations, business continuity and resiliency, system development and change management; and to implement systemic controls that effectively address the goal of optimization of the University’s critical applications and relevant systems.
Internal Controls and/or Readiness Assessments – Evaluate controls within key business processes with limited testing to determine whether controls are functioning at a standardized level of internal controls maturity/effectiveness as intended.
College or Departmental Reviews– These reviews assess the operational effectiveness and efficiencies within the College or department; the process of which includes the ‘development of understanding and documentation phase(s)’ which require facilitated sessions with relevant personnel.
Special Projects – Generally projects or activities that were not part of the original annual internal audit plan, but upon assessment and evaluation, are subsequently added as the Office of Internal Audit’s participation is essential to the evaluation, assessment and resolution of such initiatives. This category may include the Office of Internal Audit’s assistance with external auditors, the Texas State Auditor’s Office, relevant third parties and selective investigations.