Internal Audit Charter
MISSION AND SCOPE OF WORK
The mission of the Office of Internal Audit is to provide independent, objective assurance and consulting services designed to add value and improve the University's operations. The primary focus of internal auditing at the University of the Pacific is to bring a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
The scope of work of the internal audit activity is to determine whether the University's network of risk management, control, and governance processes, as designed and represented by management, is adequate and functioning in a manner to ensure:
Opportunities for improving management control, the operating environment, and the University's image may be identified during audits. They will be communicated to the appropriate level of management via reports, analyses, or other appropriate means of communication.
The Director of Internal Audit, in the discharge of his/her duties, shall be accountable to the Audit Committee of the Board of Regents and designated University management to:
The Office of Internal Audit has a responsibility to:
Employees of the Office of Internal Audit are authorized to:
The Office of Internal Audit is not authorized to:
STANDARDS OF AUDIT PRACTICE
The Office of Internal Audit will meet or exceed the Standards for the Professional Practice of Internal Audit established by the Institute of Internal Auditors.