Internal Audit Charter
The Internal Audit Manager will have unrestricted access to, and communicate and interact directly with, the Board of Trustees Finance and Audit Committee, including in private meetings without management present. The Board of Trustees Finance and Audit Committee authorizes the internal audit department to: • Have full, free, and unrestricted access to all functions, records, property, and personnel pertinent to carrying out any engagement, subject to accountability for confidentiality and safeguarding of records and information. • Allocate resources, set frequencies, select subjects, determine scopes of work, apply techniques required to accomplish audit objectives, and issue reports. • Obtain assistance from the necessary personnel of Central Washington University, as well as other specialized services from within or outside Central Washington University, in order to complete the engagement. Independence and Objectivity The Internal Audit Manager will ensure that the internal audit department remains free from all conditions that threaten the ability of internal auditors to carry out their responsibilities in an unbiased manner, including matters of audit selection, scope, procedures, frequency, timing, and report content. If the Internal Audit Manager determines that independence or objectivity may be impaired in fact or appearance, the details of impairment will be disclosed to appropriate parties. Internal auditors will maintain an unbiased mental attitude that allows them to perform engagements objectively and in such a manner that they believe in their work product, that no quality compromises are made, and that they do not subordinate their judgment on audit matters to others. Internal auditors will have no direct operational responsibility or authority over any of the activities audited. Accordingly, internal auditors will not implement internal controls, develop procedures, install systems, prepare records, or engage in any other activity that may impair their judgment, including: • Assessing specific operations for which they had responsibility within the previous year. • Performing any operational duties for Central Washington University or its affiliates. • Initiating or approving transactions external to the internal auditdepartment.
Made with FlippingBook - professional solution for displaying marketing and sales documents online