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Complete Kit in a Box
Revised Edition Coming in 2012 |
Economic crime has risen exponentially since 2003. New fields of research, technology, and government regulation have caused the dynamic complexity of accessing compliance to rise dramatically. Federal sentencing guidelines require certain control infrastructures be in place to protect Federal monies. Internal Audit Departments stand as a vanguard, mitigating and creating value added positions for institutions of higher education. Creating one from concept to full integration can be a difficult though that is why the Association of college and university auditors has created a startup guide and Kit. All information is electronically available and has a step by step plan to create, staff, and position an internal audit department at an institution of higher education.
Here is a sampling of what to
expect:
Responsibilities of the Audit Department
Responsibilities of the Audit Director
Establishing the Authority of the Audit
Department
Audit Committee Charter
The Audit Department Charter
The Audit Department Policy and Procedures
Manual
Important University Policies
Getting the Department Operational
Annual Risk
Assessment
Annual Audit Plan
Risk Management, Governance and Internal
Controls
Assignment
Tracking
The Quality Assurance Program
The Fraud
Hotline
Staffing the
Department
Reporting to the Audit
Committee
Periodic
Reporting
Annual Report
Challenges to Avoid
Helpful Resources
Each of these sections has a detailed narrative derived from the various sources and perspectives of professional associations, Chief Audit Executive and governing bodies. It has been reviewed and vetted by ACUA to give a targeted focus on implementing Audit Departments in higher education which will streamline the process and reduce costs of the Internal Audit Function.
Coming in 2012!