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Internal Audit: We are

Internal Audit: We are. Lynne Freed Cartwright, PHR, CFE, CIA Alan D. Farr, CGFM. Authorization. State Law 63-91-102

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Internal Audit: We are

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  1. Internal Audit:We are • Lynne Freed Cartwright, PHR, CFE, CIA • Alan D. Farr, CGFM

  2. Authorization State Law 63-91-102 specifies that Salt Lake Community College has an internal audit function that “shall conduct various types of auditing procedures as determined by the State Board of Regents.”

  3. Internal auditing is . . . • an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. June 1999, Institute of Internal Auditors

  4. What is the role of Internal Auditing? • Examines processes • Serves the entire organization • Partners with management • Uses technology resources • Participates on task forces and process improvement teams

  5. Role of Internal Auditing Examines processes • asks what is SLCC’s role in the business of higher education? • performs operational audits to bolster efficiency

  6. Role of Internal Auditing Serves the entire organization

  7. Role of Internal Auditing Partners with management • assesses business risk • provides other services as a resource tool • identifies internal control weaknesses

  8. Role of Internal Auditing Participates on task forces and process improvement teams • reviews new system implementations • examines proposed policy

  9. Role of Internal Auditing Uses technology resources to increase auditor efficiency

  10. What do internal auditors do, besides audit? We are: • Internal control specialists • Business consultants • Trainers • Problem solvers • Process evaluators • Questioners to get others to think through ideas

  11. Our recommendations are: • Based on professional judgment • Reflective of our breadth of professional experience • Focused on the overall benefit and well-being of SLCC • Supported by audit evidence gathered from a number of sources

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