Internal Audit Charter
• The actions of Central Washington University’s officers, directors, employees, and contractors are in compliance with Central Washington University’s policies, procedures, and applicable laws, regulations, and governance standards. • The results of operations or programs are consistent with established goals and objectives. • Operations or programs are being carried out effectively andefficiently. • Established processes and systems enable compliance with the policies, procedures, laws, and regulations that could significantly impact Central Washington University. • Information and the means used to identify, measure, analyze, classify, and report such information are reliable and have integrity. • Resources and assets are acquired economically, used efficiently, and protected adequately. The Internal Audit Manager will report periodically to senior management and the Board of Trustees Finance and Audit Committee regarding: • The internal audit department’s purpose, authority, andresponsibility. • The internal audit department’s plan and performance relative to itsplan. • The internal audit department’s conformance with The IIA’s Code of Ethics and Standards, and action plans to address any significant conformance issues. • Significant risk exposures and control issues, including fraud risks, governance issues, and other matters requiring the attention of, or requested by, the Board of Trustees Audit Committee. • Results of audit engagements or other activities. • Resource requirements. • Any response to risk by management that may be unacceptable to Central Washington University. The Internal Audit Manager also coordinates activities, where possible, and considers relying upon the work of other internal and external assurance and consulting service providers as needed. The internal audit department may perform advisory and related client service activities, the nature and scope of which will be agreed with the client, provided the internal audit department does not assume management responsibility. Opportunities for improving the efficiency of governance, risk management, and control processes may be identified during engagements. These opportunities will be communicated to the appropriate level of management.
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