Professional auditing standards require that the purpose, authority, and responsibility of the internal audit activity should be formally defined in a charter and approved by the Board of Regents.

The purpose, authority and responsibility for the Office of Internal Audit is stated in Kentucky State University Office of Internal Audit Charter. The charter defines the administration, role and authority of the office.

The purpose, authority and responsibility for the Office of Internal Audit is stated in the charter. The following charter pertains to the office.

There is hereby established the Office of Internal Audit of Kentucky State University. The Office of Internal Audit shall be separate from any other department of Kentucky State University and shall report directly to the President and to the Board of Regents. The office shall be provided a separate budget sufficient to carry out the responsibilities and functions established in this charter.

The Internal Auditor shall be knowledgeable in auditing and University financial and fiscal practices. The Internal Auditor shall possess adequate professional proficiency for the job, demonstrated by relevant certification such as CIA (Certified Internal Auditor), or an advanced degree in a relevant field with at least five years' experience in the field of auditing. The Internal Auditor shall have a bachelor's degree in business administration or a related field.

The Office of Internal Audit shall have authority to conduct audits of all departments, offices and activities of Kentucky State University in order to independently and objectively determine whether:

(1) Risk management, control, and governance processes are effective;

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