The function reports administratively to the Chief Financial Officer and functionally to the Board of Regents/Audit Committee.

Audits are performed using a systematic and disciplined approach consistent with the Global Internal Audit Standards.

Internal Audit evaluates risk exposures, internal controls, compliance, safeguarding of assets, and alignment with strategic objectives.

Findings and recommendations are developed to strengthen University operations.

Internal Audit issues timely reports to appropriate levels of management and the Board of Regents/Audit Committee.

Reports summarize audit results, recommendations, and management's responses.

Internal Audit will disclose any interference, impairments to independence, or unacceptable risk responses to the Board of Regents/Audit Committee.

Internal Audit monitors management's remediation of audit findings and reports progress to the Board and senior management.

Internal Audit maintains a Quality Assurance and Improvement Program (QAIP) that includes ongoing internal reviews and periodic external assessments.

Results of the QAIP and conformance with the Standards are reported to the Board of Regents/Audit Committee.

The Internal Audit Charter and related policy will be reviewed annually by the Board of Regents/Audit Committee.

Internal Audit may recommend amendments when significant organizational, regulatory, or professional changes occur.