Frequently Asked Questions

1. What is the role of the Internal Audit Office (IAO)?

2. What are internal controls?

Internal controls are the systematic measures established by the management of
each operating unit to:
  1. Safeguard the University assets and resources
  2. Ensure the reliability and integrity of information produced and provided by the management
  3. Ensure compliance
  4. Promote operation efficiency and effectiveness
  5. Accomplish its goals and objectives

3. How often will an internal audit be performed?
4. What is the difference between an internal audit and an external financial audit?
5. Who does IAO report to?
6. What about confidentiality?
7. Can I ask IAO for assistance?