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Internal
Auditing
Services
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How
Initiated?
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Audiences
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1.
Assurance
Assurance
Services are examinations designed to
inform stakeholders about the reliability and accuracy of information.
Topics may be system-wide or institution specific. |
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- Selected
by Board of Trustees
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- Primarily
Board of Trustees and Office of the Chancellor administrators
responsible for area. Also, a learning opportunity for colleges
and universities.
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- Requested
Assurance Services
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- Requested
by President or Chancellor
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- Internal
Auditing shares the results with the requestor and other intended
audiences.
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- Third party
requirement, e.g. bond holders, federal government, or grantors
- Board
of Trustees
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- External
parties
- Board of
Trustees
- Internal
parties such as college/university presidents, Vice Chancellor-CFO,
and financial staff
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- Previously
issued external or internal audit reports
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- Board of
Trustees and Chancellor (in summary fashion)
- Responsible
president or Office of the Chancellor official
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2. Consulting
Consulting
Services include organizational expertise,
data gathering and facilitation services to expedite desired changes.
These services are conducted in partnership with the requestor.
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- Surveys
- Organizational Studies
- Quality Improvement Projects
- Change management
- Team Building
- Facilitation services
- Workshops
- Seminars
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- Requested
by President or Chancellor
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- Internal Auditing shares the results only with the requestor who is able to share them with a broader audience if they choose.
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3. Fraud Inquiry &
Investigation Support
Fraud
Inquiry & Investigation Support Services
are intended to augment efforts of colleges and universities to
ensure that evidence of fraud or dishonest acts is investigated
professionally and promptly.
Any Minnesota
State College and University stakeholder may report suspected
fraud or seek professional advice.
Employees
are encouraged to first report suspected fraud to their supervisor
or manager.
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- Official
referral from President or Chancellor
- Allegations
or evidence offered by any source
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- If evidence
of fraud or misconduct is sustained, results are shared with
officials that have a need to know, such as the responsible
president, chancellor, Attorney General, local law enforcement,
Legislative Auditor, and tax authorities.
- If evidence
of fraud or misconduct is not sustained, case is closed and
its status is reported to the source.
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4. Professional Advice
Professional
Advice shall promote an understanding
and implementation of laws, rules, regulations, policies, procedures,
standards, and management and organizational development best practices.
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- Answer
questions
- Frequently
asked questions
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- Sought
by any stakeholder
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