Accountability

The chief audit executive, in the discharge of his/her duties, shall be accountable to management, the President and the audit committee to:
  • Provide annually an assessment on the adequacy and effectiveness of the University‚Äôs processes for controlling its activities and managing its risks in the areas set forth under the mission and scope of work.
  • Report significant issues related to the processes for controlling the activities of the University and its affiliates, including potential improvements to those processes, and provide information concerning such issues through resolution.
  • Periodically provide information on the status and results of the annual audit plan and the sufficiency of activity resources.
  • Coordinate with other control and monitoring functions (risk management, compliance, security, legal, ethics, environmental, external audit) to conduct risk assessments and develop or recommend monitoring activities to evaluate the adequacy and effectiveness of internal controls.
  • Summarize reports and issues identified to him or her by each campus.

Each campus director, in the discharge of his/her duties, shall be accountable to their campus Chancellor and provide information, on request for the chief audit executive, to be presented at the Audit Committee including:
  • Provide annually an assessment on the adequacy and effectiveness of the campus processes for controlling its activities and managing its risks in the areas set forth under the mission and scope of work.
  • Report significant issues related to the processes for controlling the activities of the campus and its affiliates, including potential improvements to those processes, and provide information concerning such issues through resolution.
  • Periodically provide information on the status and results of the annual audit plan and the sufficiency of activity resources.
  • Coordinate with other control and monitoring functions (risk management, compliance, security, legal, ethics, environmental, external audit) to conduct risk assessments and develop or recommend monitoring activities to evaluate the adequacy and effectiveness of internal controls.
  • Supply all work products issued to the chief audit executive, including an annual report.