North Carolina Central University’s Internal Audit Office (IAO) supports management and the Board of Trustees by providing an independent and objective review of operations. Reviews include investigative and consultative services to effectively administer the University’s business while achieving its goals and objectives. In seeking to achieve these goals and objectives, IAO develops a schedule of planned audits on a yearly basis.
IAO also assesses and monitors University:
Adequacy and effectiveness of internal controls;
Accuracy of financial records;
Compliance with applicable laws, regulations, and
Adherence to University policies and procedures
Audits are designed to add value and assist management in achieving University objectives by providing relevant, timely, independent, and objective appraisals, analyses, and recommendations. The IAO has developed a systematic audit methodology to evaluate risk and assess the management of University operations. The audits are designed to use a solution-oriented approach to enhance the effectiveness of control and governance processes over financial, operational and information systems.