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

2. 12/10/042 What is Internal Auditing?  Profession  IIA/CIA  Standards  Code of Ethics

3. 12/10/043 What is Internal Auditing?  Independent and Objective  Assurance and Consulting  Risk Management  Corporate Governance  Internal Control

4. 12/10/044 Who are Internal Auditors?  key to an organization’s success – Why?  explorers, reporters, and analysts  discover, interpret, and question  proactive, responsive, and reactive  bring a variety of skills to the organization  solve problems and improve performance  a broad perspective on the organization

5. 12/10/045 Corporate Governance Executive Management Internal Audit Board of Trustees External Audit Governance

6. 12/10/046 Healthy Interdependence  Internal controls are strong  Reporting is accurate  Ethics are maintained  Oversight is effective  Risks are mitigated  Assets are protected

7. Good corporate governance is good business!

8. 12/10/048 Our Mission and Fundamental Role To help management and the board achieve their objectives...

9. 12/10/049 What we are not.... Do what I say or ye walk the plank!

10. 12/10/0410 How do we achieve that mission?  Evaluate Risk  Confirm Information  Analyze Operations  Review Compliance  Recommend Controls  Assure Safeguards  Provide Advisory Services  Investigate Fraud

11. 12/10/0411 What you can expect from us... Integrity Objectivity Confidentiality Competency

12. 12/10/0412 Your Internal Audit Team...by your side....at your service....in your best interests....your safety net....the good pirate!!!

13. 12/10/0413 Questions?