DIFFERENT TYPES OF AUDITS
Internal control reviews
This type of audit focuses on the system of internal control and will evaluate the adequacy and effectiveness of internal controls as it relates to a specific focus area.
This type of audit provides management with assurance on compliance with specific policies, procedures and applicable laws and regulations.
A financially focused audit provides assurance on the accuracy of financial information which is substantiated by financial analysis and interpretation.
Information technology (IT) audits
These reviews address the internal control environment of compuertised information processing systems and how people use those systems. IT reviews evaluate system input, ouput and process controls, backup and recovery plans, seperation of duties, systems security and computer facilities.
These audits examine the use of University resources to evaluate whether these resources are being used in the most efficient and effective ways to fulfil the University's strategic objectives.
Assistance with the investigation of alleged fraudulent activities and irregularities.