Annual Audit Plan

Annually, the Chief Internal Auditor prepares an Audit Plan for the University. The Plan summarizes the internal audit activities of the prior academic year and proposes audit plans for the forthcoming year. After review by senior University Administration, and the independent public accountants, the Audit Plan is submitted to the Audit Committee for approval.

The Annual Audit Plan includes:

• Prior year internal audit coverage of University operation.
• Risk Analysis (Basis for selection of audit engagements).
• Three year Master Audit Plan.
• Proposed audit coverage for the forthcoming year.