Welcome! The Internal Audit and Advisory Services Department independently examines and evaluates the ongoing control processes of the University and provides counsel and recommendations for improvement. The office is located on the second floor of Varner Hall.
University of Nebraska Internal Audit Charter
Mission/Scope of Work
The mission of the internal audit activity is to provide independent, objective assurance and consulting services designed to add value and improve the University’s operations. It helps the University accomplish its objectives by bringing 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, profitability, and the University’s image may be identified during audits. They will be communicated to the appropriate level of management.
The chief audit executive, in the discharge of his/her duties, shall be accountable to management, the President and the audit committee to:
Each campus director, in the discharge of his/her duties, shall be accountable to their campus Chancellor and provide information, on request for the chief audit executive, to be presented at the Audit Committee including:
To provide for the independence of the internal auditing activity, administration’s personnel report to the chief audit executive, who reports functionally to the audit committee and administratively to the President in a manner outlined in the above section on Accountability. The chief audit executive will include as part of the annual report to the audit committee a section on internal audit personnel.
The campus directors will report to their campus Chancellor and provide information to the chief audit executive as outlined in the above section on Accountability.
The chief audit executive and staff of the central internal audit activity have responsibility to:
Each campus director and staff of the internal audit activity has responsibility to:
The chief audit executive and staff of the internal audit activity are authorized to:
The chief audit executive and staff of the internal audit activity are not authorized to:
Standards of Audit Practice
The internal audit activity will meet or exceed the International Standards for the Professional Practice of Internal Auditing, mandatory guidance including the Definition of Internal Auditing and "Code of Ethics" of The Institute of Internal Auditors.
Management is responsible for ensuring that systems of internal control are in place, good business practices are implemented and followed in all areas, compliance is maintained, fraud risks are identified and mitigated, and effective governance is established. This provides assurance that financial information and other management information are reliable, that University resources are used efficiently and effectively and that the potential for fraud is minimized.
Management provides a written response to report recommendations issued within time frames requested by internal audit. Management is responsible to address issues identified by implementing recommendations or agreed-upon corrective action plans.
Access to the Audit Committee
Each campus director and staff of the internal audit activity has the ability to:
Access the Audit Committee by requesting they be added to the next Audit Committee agenda.
Working Papers and Reports
Each campus director and staff of the internal audit activity has the responsibility for maintaining records as follows:
All internal audit reports, once accepted by the Audit Committee, shall be maintained in accordance with University Records Retention policies. Working papers and other audit files maintained by the CAE and campus Directors are privileged and confidential and may be withheld in response to a public records request. The information contained in working papers and audit files prepared pursuant to a specific audit is not subject to disclosure except to a county attorney, the Nebraska Attorney General or University General Counsel in connection with an investigation made or action taken in the course of the attorney’s official duties, the Nebraska Auditor of Public Accounts or to the Legislative Performance Audit Committee in the course of the committee’s official duties. University units being audited and the federal agencies that have made grants to them shall also have access to the relevant working papers and audit files. For purposes of this subsection, working papers means those documents containing evidence to support the auditor’s findings, opinions, conclusions, and judgments and includes the collection of evidence prepared or obtained by the auditor during the audit. The University may make the working papers available for purposes of a quality assurance review as required by internal auditing standards.
Approved by Audit Committee on October 27, 2011 and last amended January 29, 2015
Code of Ethics
Internal Audit and Advisory Services are responsible for conducting themselves so that their good faith and integrity should not be open to question. The profession of auditing is founded on the trust placed in its objective assurance about risk management, control, and governance.
Institute of Internal Auditors' Code of Ethics
(adopted by Internal Audit and Advisory Services)
Internal auditors are expected to apply and uphold the following principles: