Long Island University Internal
Auditing Department Charter

Scope of Internal Auditing
The scope of internal auditing encompasses the examination and evaluation of the adequacy and effectiveness of the organization's system of internal control and the quality of performance in carrying out assigned responsibilities. The scope of internal auditing includes:

Reviewing the reliability and integrity of financial and operating information and the means used to identify, measure, classify and report such information.

Reviewing the systems established to ensure compliance with those policies, plans, procedures, laws and regulations that could have a significant impact on operations and reports, and determining whether the organization is in compliance.

Reviewing the means of safeguarding assets from various types of losses such as those resulting from theft, fire, improper or illegal activities, and exposure to the elements and, as appropriate, verifying the existence of such assets.

Appraising the economy and efficiency with which resources are employed.

Reviewing operations or programs to ascertain whether results are consistent with established objectives and goals and whether the operations or programs are being carried out as planned.

Back to Long Island University
Internal Auditing Department Charter