What is Internal Auditing?
Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
– Institute of Internal Auditors (IIA)
The mission of Internal Audit is to provide the institution with an independent appraisal of university activities. These reviews shall encompass all of the financial and management operations within the university. The purpose of the reviews is to provide the Chancellor, System President and Board of Regents with assurances that internal controls exists and are operational, that management is adhering to State statutes, UW System and institutional policies and is operating both efficiently and effectively.