Internal Audit Charter
Responsibility The Internal Audit Manager has the responsibility to:
• Submit, at least annually, to senior management and the Board of Trustees Finance and Audit Committee a risk-based internal audit plan for review and approval. • Communicate to senior management and the Board of Trustees Finance and Audit Committee the impact of resource limitations on the internal audit plan. • Review and adjust the internal audit plan, as necessary, in response to changes in Central Washington University’s business, risks, operations, programs, systems, andcontrols. • Communicate to senior management and the Board of Trustees Finance and Audit Committee any significant interim changes to the internal audit plan. • Ensure each engagement of the internal audit plan is executed, including the establishment of objectives and scope, the assignment of appropriate and adequately supervised resources, the documentation of work programs and testing results, and the communication of engagement results with applicable conclusions and recommendations to appropriate parties. • Follow up on engagement findings and corrective actions, and report periodically to senior management and the Board of Trustees Finance and Audit Committee any corrective actions not effectively implemented. • Ensure the principles of integrity, objectivity, confidentiality, and competency are applied and upheld. • Ensure the internal audit department collectively possesses or obtains the knowledge, skills, and other competencies needed to meet the requirements of the internal audit charter. • Ensure trends and emerging issues that could impact Central Washington University are considered and communicated to senior management and the Board of Trustees Finance and Audit Committee as appropriate. • Ensure emerging trends and successful practices in internal auditing are considered. • Establish and ensure adherence to policies and procedures designed to guide the internal audit department. • Ensure adherence to Central Washington University’s relevant policies and procedures, unless such policies and procedures conflict with the internal audit charter. Any such conflicts will be resolved or otherwise communicated to senior management and the Board of Trustees Finance and Audit Committee.
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