Internal Audit provides independent, objective assurance and consulting services designed to add value and improve University operations. The department enhances and protects organizational value by providing risk-based and objective assurance, advice and insight.
The internal auditor assesses compliance with regulations, and measures and evaluates the University's system of internal controls.
What is Internal Control?
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines internal control as "a process, effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives relating to operations, reporting, and compliance."
Internal controls are important because they help individuals, offices, departments, divisions, campuses or universities reduce the possibility that something will go wrong. It's not that an organization doesn't have trust in its employees, but internal controls exist to prevent bad things from happening. In addition, security is provided for those that follow them.
Types of Internal Controls
There are three types of controls:
In general, internal controls are considered to be a good thing for an organization, however, it is possible to have too many controls to the point where operations become inefficient. Examples could include the creation of redundant procedures or having too many approvals. These types of issues should be reported to Internal Audit using the "Other" category as described in Reporting Issues to Internal Audit.
How You Can Help
If you are a member of the University community, we've put together a helpful set of tips to understand how you can support ENMU excellence.
Even if you are not a member of the University community, you can still help ENMU by reporting issues that don't seem to support the high standard of learning and excellence that ENMU should exemplify.
Reporting Issues to Internal Audit
There are several types of issues to report to Internal Audit and some to report to other areas within the University.
I've been selected for an audit. What does it mean?
Audits are determined based on a variety of reasons:
Once an audit has been approved, the audit process begins.