The Internal Auditor shall follow-up on significant audit findings to determine if corrective actions have been implemented and are effective. The Internal Auditor may request periodic status reports from audited departments regarding actions taken to address audit findings.
The Internal Auditor shall retain a complete file of each audit report. The file should include audit work papers and other supportive material directly related to the audit report. The files should be retained in accordance with state archive laws.
If during an audit, the Office of Internal Audit becomes aware of abuse or illegal acts or indications of such acts, the Internal Auditor shall report the irregularities to both the President and Board of Regents.
All faculty and staff of Kentucky State University shall cooperate with and furnish the Office of Internal Audit unrestricted access to employees and information regarding powers, duties, activities, organization, assets, financial transactions, contracts and methods of business.
The Office of Internal Audit shall have access to, and authority to examine any and all records including but not limited to books, accounts, internal memoranda, writings and tapes, reports, vouchers, correspondence files and other records, bank accounts, money and other property of any Kentucky State University department. This includes access for the Office of Internal Audit to inspect all assets, property, equipment, and facilities.
All contracts with outside contractors shall provide for the Office of Internal Audit to have access to all financial and performance related records, property, and equipment related to Kentucky State University contracts.
The Office of Internal Audit shall not publicly disclose any information received during an audit that is considered confidential in nature by any local, state or federal law or regulation.
The Internal Auditor shall report to the President and Board of Regents, in writing, of any failure by faculty and staff to cooperate with the Office of Internal Audit's requests. Disciplinary action shall be taken in accordance with personnel regulations.
The President and Board of Regents for Kentucky State University are responsible for the establishment and administration of the Office of Internal Audit. An Internal Auditor is selected by the University President and shall be approved by the Board of Regents. The Internal Auditor is responsible for the management of the internal audit function in accordance with professional standards.
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