Audit Services

ANNUAL AUDIT PLAN

University Audit and Advisory Services (University Audit) prepares an annual audit plan based on a risk assessment performed by University Audit with significant input from individuals across the University.

The plan is submitted to the Vice President for University Administration and Legal Affairs for review, and subsequently to the President for approval. The approved plan is submitted to the Arizona Board of Regents Audit Committee.

SPECIAL REVIEWS

Each year, University Audit receives requests from various University departments to perform audits of operations and programs that are not included in the annual audit plan.

The scheduling and completion of these special reviews is subject to a determination of the priority of the special request and the availability of University Audit resources.

The current protocol for requesting a special review is set forth in a June 1, 2006 memorandum (link to the memo) to the University Council.

AUDIT PROCESS

The typical audit involves the following steps:

• A memorandum indicating the start of the audit is sent to department officials.
• An entrance conference is held with department officials to discuss the audit objectives, timing of the audit, reporting process, and other pertinent matters.
• Audit planning and fieldwork is performed. This generally involves interviewing department personnel, identifying controls relevant to the audit objectives, testing controls, and developing conclusions based on the audit tests.Any findings and recommendations are reviewed with department management.
• A draft report is submitted for management’s review.
• An exit conference is held to review the draft report and management’s responses.
• The final audit report is issued.

NEED MORE INFO? Read the University Audit Protocol