The Office of Internal Audit reports to the Office of the General Counsel and to the Monmouth University Board of Trustees. The department has access to all of the University’s records and property. The Internal Audit charter defines its purpose, explains independence, authorizations and responsibilities, and it provides an explanation of audit scope and reporting accountabilities.
Yes, Internal Auditors are employees of Monmouth University.
There are 5 basic types of audits performed by Monmouth University Office of Internal Audit:
The answer to this question depends on the nature, complexity, and the risk elements present. An audit project can take anywhere from a few days to several months to complete.
The vast majority of audits are planned. However, that does not preclude The Office of Internal Audit from conducting unplanned audits. Prior to any audit, the Office of Internal Audit will discuss with management the scope, purpose, and estimated timeframe of the audit.
An audit plan is developed based on a risk-based analysis and regulatory review requirements, approved by the Monmouth University Audit Committee. As unplanned audit projects are required, they are included in the overall plan for the year.
Yes. The Office of Internal Audit can be reached at extension 5521 or 3598, between the hours of 8:45 a.m. and 5 p.m., Monday through Friday. You may also stop by the office in Wilson Hall, room 304.