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Internal Auditor Charter

It is the policy of the University of Northern Colorado to provide an Office of the Internal Auditor to serve as an independent appraisal function for the University through examination and evaluation of its activities. The objective of the Office of the Internal Auditor is to assist members of the organization in the effective discharge of their responsibilities. To this end, internal auditing provides analyses, appraisals, recommendations, counsel, and information concerning the activities reviewed.

The members of the organization assisted by internal auditing include those in administration and those on the Board of Trustees. The Office of the Internal Auditor owes a responsibility to provide these individuals and groups with information both about the adequacy and effectiveness of the organization's system of internal control and the quality of performance. The information furnished to each may differ in format and detail, depending upon the requirements and requests of administration and the Board.

The Office of the Internal Auditor is an integral part of the University of Northern Colorado and functions under the policies established by administration and the Board. The Internal Auditor reports functionally to the Chair of the Board of Trustees and administratively to the President of the University. All internal auditing endeavors are to be conducted in compliance with University policies as well as the Code of Ethics and the Standards for the Professional Practice of Internal Auditing which are promulgated by the Institute of Internal Auditors, Inc.

The Office of the Internal Auditor is responsible for assessing various functions and control systems in the University and for advising administration concerning their condition. The fulfillment of this accountability includes but is not confined to the following:

• Appraising the effectiveness and application of administrative and financial controls and reliability of data that is developed within the University.
• Evaluating sufficiency of and adherence to University plans, policies and procedures and compliance with governmental laws and regulations.
• Ascertaining the adequacy of controls for safeguarding University assets and, when appropriate, verifying the existence of assets.
• Performing special reviews requested by University administration or the Board of Trustees.
• Conducting appraisals of the effectiveness and efficiency in the use of University resources and making appropriate recommendations to administration.
• Coordinating audit planning and scheduling activities with the independent external auditors.
• Developing an annual audit plan for audit coverage that fulfills the responsibility of the Office of the Internal Auditor.
• Providing written reports of audit findings and recommendations to the level of administration responsible for taking appropriate action.
• Evaluating plans or actions taken correct reported conditions for satisfactory disposition of audit findings.

In performing its function, the Office of the Internal Auditor has no direct responsibility for, or authority over, any of the activities which it reviews. The internal audit review and appraisal process does not, therefore, relieve other persons in the organization of the responsibilities assigned to them.

In the performance of audits, with stringent accountabilities of safekeeping and confidentiality, the Office of the Internal Auditor shall have complete and timely access to all organizational activities, records, property, and personnel