Administrative Rules


Subject: Internal Audit AR# 5.03.002
Based on Board Policy: E-3, Organizational Performance Evaluation/Auditing
Recommended by Council/President: Administrative Services Council
Date Approved/Amended: 02/05/1979; amended 09/12/83, 01/11/88, 08/20/03

Value Statement 

The Internal Audit Activity is an independent appraisal function established to examine and evaluate the College activities as a service to its administration.  It is a managerial control, which functions by measuring and evaluating the effectiveness of other controls.

Administrative Rule

The staff of the Internal Audit Activity reports to the Director of Internal Audit who reports to the President.  The Internal Audit Activity shall assist the President in the effective discharge of his/her duties by furnishing objective analyses, appraisals, and recommendations related to the activities reviewed, and will help the College to accomplish its objectives by bringing systematic approach to evaluate and improve the effectiveness of risk management, internal controls, and processes.  The Internal Audit Activity shall provide a quarterly report to the Board of Trustees.

The Internal Audit Activity will develop and operate according to the Internal Audit Charter that defines the purpose, authority, and responsibility of this activity.  The President approves the Internal Audit Charter.  The Charter establishes the position of the Internal Audit Activity within the College structure; authorizes access to records, personnel, and physical properties relevant to the performance of engagements, and defines the scope of work.

The Director and staff of the Internal Audit Activity shall comply with the profession rules of conduct and perform their duties with integrity, objectivity, confidentiality, and competency as defined in the profession of Internal Auditing Code of Ethics approved by the Institute of Internal Auditors.

The Internal Audit Activity will coordinate with the External Auditors, Regulators, and any Public Agency that has an authority over the College when required, and consider the scope of their work to provide wider audit coverage within the provisions of the applicable laws and the College policies.

The Internal Audit Activity will meet the standards for the Professional Practice of the Internal Auditing of the Institute of Internal Auditors.

 


President/CEO:   Stephen B. Kinslow Date:  07/29/10