Faculty and Staff Resources: Internal Audit
MISSION
OBJECTIVE
Internal Audit's objectives in
accomplishing its mission include the following:
-
Determine the
accuracy and propriety of financial transactions
-
Evaluate policies,
procedures and systems to ensure reliability and integrity of
information
-
Evaluate financial
and operational procedures for adequacy of internal controls and
provide advice and guidance on control aspects of new policies,
systems, processes and procedures
-
Verify the
existence of assets and ensure that proper safeguards are maintained
to protect them from loss
-
Determine the
level of compliance with policies and procedures
-
Evaluate the
accuracy and effectiveness of electronic information and
processing systems
-
Determine the
effectiveness and efficiency of organizations in accomplishing their
mission and identify operational opportunities for cost savings and
revenue enhancements
-
Provide assistance
as needed to the external auditors engaged by KCTCS during the
course of their annual audit
-
Investigate fiscal
misconduct and report findings to Senior Management
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