Approved by the Board of Governors on September 18, 1992
Internal Auditing at Missouri State University is an independent appraisal function established to examine and evaluate its activities as a service to the University. The objective of the Internal Auditing Department is to assist members of the organization in the effective discharge of their responsibilities. To this end, internal auditing provides analyses, 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 Governors. The Internal Auditing Department owes a responsibility to provide these individuals and groups with information about the adequacy and effectiveness of the organization's system of internal control, and the quality of performance.
To achieve the highest degree of independence, the Internal Auditing Department reports to the Board of Governors. In carrying out its duties and responsibilities, the Internal Auditing Department shall have unrestricted and timely access to all organizational activities, records, property, and personnel. 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.
In performing its function, the Internal Auditing Department 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.
The Internal Auditing Department is responsible for assessing various functions and control systems in the University and for advising the Board and administration concerning their condition. The fulfillment of this accountability includes but is not limited to the following: