January 26, 2016 Jason Wessels, Manager of Internal Audit Mary Pat Bernsen, Senior Auditor Teresa Braunseis, Senior Auditor 0 The Department of Internal.

Slides:

Advertisements

Similar presentations

Getting to Know Internal Auditing

Advertisements

New IA IA Clinic March 30, Definition of Internal Auditing Internal auditing is an independent, objective assurance and consulting activity designed.

Internal Audit Awareness

It’s Time to Talk About Risk and Control

Sodexo.com Group Internal Audit. page 2 helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and.

“Demonstrating the Value of Internal Auditing to the Audit Committee” June 25, 2014 CA. Nagesh Pinge.

Welcome! Internal Auditing CHAPTER 1. Definition Internal auditing is an independent, objective, assurance and consulting activity designed to add value.

Operational Auditing--Spring Operational Auditing Spring 2008 Professor Bill O’ Brien.

The Role of the Internal Audit Department

Operational Auditing Fall 2006 Professor Bill O’ Brien.

The Internal Audit Function in the Public Sector

Office of Inspector General (OIG) Internal Audit

Managing Fraud Risk in Higher Education 2014 UNC Fall Controller's Workshop November 10, 2014 David A. King, CPA, CFE – Director, Special Investigations.

Operational Auditing Spring 2002 Professor Bill O’ Brien.

Measuring the effectiveness of government IT systems Current ANAO initiatives to enhance IT Audit integration and support in delivering Audit outcomes.

Internal Auditing & Management Consulting Overview BOT On-Campus Orientation August 29, 2011 Presentation to UWF BOT.

Operational Auditing Spring 2005 Professor Bill O’ Brien.

Presented By: Donna Denker, CPA Donna Denker & Associates.

Learning Objectives LO1 Explain the importance of auditing. LO2 Distinguish auditing from accounting. LO3 Explain the role of auditing in information risk.

Effort Reporting: A Departmental Approach to Meeting Audit Requirements Dianne Valdez, MBA, CIA, CISA, CCSA Enrique Valdez Jr., MBA.

Fiscal Compliance for Department Heads & Directors Daniel Adams Audit Services.

Elements of Internal Controls Preventing Fraud, Waste, and Abuse in Urban and Rural Transit Systems.

Internal Auditing and Outsourcing

DAA and GEP Orlando Audit & Compliance or Audit vs. Compliance.

Central Piedmont Community College Internal Audit.

Your Internal Audit Team …by your side …at your service …in your best interests.

D-1 McGraw-Hill/Irwin ©2005 by the McGraw-Hill Companies, Inc. All rights reserved. Module D Internal, Governmental, and Fraud Audits “I predict that audit.

ISMMMO, Antalya April Internal Audit, Best Practices Özlem Aykaç, CIA,CCSA CAE Coca-Cola İçecek.

Internal Auditing & Management Control ACCT 620 Otto Chang Professor of Accounting.

C. P. Mansoor S. Ahmed M. Com, PGDBA.  Not confined to Independent Audit  Systematic Examination of  Records  Procedures  Systems  Operations.

Internal Auditing & Management Consulting Overview

Audit and Fiscal Oversight Responsibilities VAVRINEK, TRINE, DAY & CO., LLP December 15,2010.

© OECD SIGMA A joint initiative of the OECD and the European Union, principally financed by the EU Internal Audit Manual PEM-PAL Plenary Meeting Zagreb.

UNM and Health System Internal Audit Departments Internal Audit Department Orientation Manu Patel, Internal Audit Director Purvi Mody, Executive Director,

Developing and Implementing an Effective Compliance Program Mary Sacilotto,BA,CHC Chief Compliance Officer Alliance, Inc.

Section Topics Establish a framework for assessing risk

2012 Governance & Leadership Institute January 29 – 30, 2012.

Establishing A Compliance Program: It Makes Sense

Internal Auditing & Management Consulting Overview Betsy Bowers Associate Vice President Board of Trustees Orientation August 22, 2012.

AUDITS What you should know - a campus perspective. Franz Lozano Director/Budget Officer (former Internal Auditor) San Francisco State University Academic.

Internal Audit’s Role in Compliance Laurisa Riggan, CPA, CHE Children’s Mercy Hospitals and Clinics September 26, 2000.

Roles and Responsibilities

Introduction to Auditing. Introduction The role of audits is critical in the business environment of the early twenty-first century. Important decisions.

HOTLINE: The Value of internal Audit at Georgia Tech 1 Department of Internal Auditing.

The Institute and the Profession: 1 Personalize your title and presenter here. The Institute and the Profession The Institute and the Profession: 1.

Campus Audits: Chancellor’s Office Guide to Survival Janice Mirza – Senior Director, Office of the University Auditor Academic Resources Council - April.

Bank Audit. Internal Audit Internal audit is an independent, objective assurance activity and can give valuable insight in providing assurance that major.

College Reviews An Overview Presented by Howard Lutwak, CIA Director of Internal Audit January 2004.

Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.

RTI, Nagpur 1 Day 3- Session I  Role of audit in consideration of fraud.

Internal/External Audit and Internal Controls February 23, 2000 David Dudley Federal Reserve Bank of NY.

Experience clarity // CPAs & ADVISORS BKD NATIONAL HIGHER EDUCATION GROUP Jennifer Williams.

Company: Cincinnati Insurance Company Position: IT Governance Risk & Compliance Service Manager Location: Fairfield, OH About the Company : The Cincinnati.

What do you do for a living? for a living? Office of Internal Audit and Management Advisory Services 12/10/04 Ugh...

Copyright: Internal Auditing: Assurance and Consulting Services, by The Institute of Internal Auditors Research Foundation, 247 Maitland Avenue, Altamonte.

1 - 1 Audit Plan Formulation Audit Activity and Results Assess prior audit reviews and findings to determine where additional audit and follow-up activities.

Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

What is Internal Audit University of Date. What/Who is Internal Audit? A University department that reports directly to the Board of Regents (BOR) through.

Internal Audit Section. Authorized in Section , Florida Statutes Section , Florida Statutes (F.S.), authorizes the Inspector General to review.

Internal Control Process at Geneseo. Objectives Understand the objectives of effective internal controls Describe Geneseo’s internal control program Accurately.

HR Partners Meeting February 1, 2017.

CPA Gilberto Rivera, VP Compliance and Operational Risk

South Texas College Fraud Awareness and Internal Controls

Office of Internal Audits

Internal Audit Awareness

Adding Value Across the Board

Briefing to the Portfolio Committee on Police Audit outcomes of the Police portfolio for the financial year 13 October 2015.

Internal Audit’s Role in Preventing Fraud and Corruption

Costanza Schivi - 9 April 2019

Good practices for risk assessment and control activities

Presentation transcript:

January 26, 2016 Jason Wessels, Manager of Internal Audit Mary Pat Bernsen, Senior Auditor Teresa Braunseis, Senior Auditor 0 The Department of Internal Audit

University Compliance and Internal Audit 1 Seven Internal Auditors (CPA, CISA, CIA, CFE) Three Compliance Auditors One Institutional Conflict of Interest Compliance Auditor Co-sourced audit services

University Compliance and Internal Audit 2 Executive Director of Compliance & Audit: Gail Peters Director of Internal Audit: Gail Presswood Internal Audit Managers: Jason Wessels and Steve Cole Senior Internal Auditors: Mary Pat Bernsen, Teresa Braunseis, Debbie Colletta, and Nicole Kohlbrecher

What is Internal Audit? 3

Internal Audit 4 Internal Auditors: Identify risks in an organization Communicate identified risks to key decision-makers Recommend process improvements to reduce risks

Internal Audit 5 Provide assurance and/or identify opportunities to improve : Internal controls, including technology Risk management Governance Information accuracy, reliability and timeliness Safeguarding of assets Efficiency and effectiveness of University programs/processes Compliance (separate Federal compliance audit function)

Internal Audit What We Do Planned or unplanned audits Evaluate the effectiveness of controls Internal control training What We Do Not Do Write or create policies Provide tax advice Design an internal control framework 6

Internal Audit 7 Information Technology Construction/Major Third Party Contracts Investigative Types of Audits: Operational Governance

Internal Audit 8 Other Audit Activities: Control Consulting: Advisory related to new or changing systems/processes Management Requests: Requested projects / advisory to support management in meeting key objectives

Internal Audit 9 University Committee Participation: Examples include teams focused on risk management, governance or regulatory matters, IT security, cost reduction Internal Control/Fraud Awareness Training: As requested or as part of audits Follow up on Prior Audits

Internal Audit 10 Suspected Theft or Misuse of University Assets Tell your manager/supervisor Or Contact Internal Audit (314) Or The Compliance Hotline (314)

Internal Audit’s Role with the CAC 11 Internal Audit is a resource. Available to research your questions about controls, governance, University policy, etc. Report concerns anonymously through the Compliance hotline

Internal Audit’s Role with the CAC 12 Upcoming Presentations: Internal Cash Controls at the Clinics Fraud – Real Life Examples Inventory and Asset Controls Other ideas – contact Mary Pat Bernsen

13 Questions? Thank you! The Office of Internal Audit: