Audit Standards & Procedures

Professional Expectations...

Office of Internal Audit is staffed by professional internal auditors committed to improving the efficiency and effectiveness of University operations, and to assuring a cost beneficial internal control structure. Staff members fulfill their responsibilities with objectivity, confidentiality, and the utmost of integrity.

Professional Standards...

The Office of Internal Audit adheres to the International Standards for the Professional Practice of Internal Auditing (Standards), as identified by the International Internal Audit Standards Board.  These Standards are principle focused and provide a framework for performing internal auditing.  All internal audit, assurance, and consulting work done by Office of Internal Audit adheres to and applies the Standards and code of ethics as identified by the Institute of Internal Auditors'.

In addition, Office of Internal Audit applies Government Auditing Standards (GAS), also know as the 'Yellowbook', when applicable.

Professional Requirements...

All internal audit staff members are required to have a bachelor’s degree in Business Administration, or another business related field, with at least 24 semester hours in accounting of which one course must be auditing. Professional certifications in one of the disciplines shown below may be substituted for the accounting and auditing course work requirements.

Office of Internal Audit's policy requires all staff members to have, or be in the process of obtaining, one or more of the following professional certifications:

CPA (Certified Public Accountant)
CIA (Certified Internal Auditor)
CMA (Certified Management Accountant)
CISA (Certified Information Systems Auditor)
CFE (Certified Fraud Examiner)

Continuing Professional Education...

Office of Internal Audit staff members receive continuing professional education through programs sponsored by organizations such as:

Association of College and University Auditors (ACUA)
Institute of Internal Auditors (IIA)
Nebraska Society of CPAs
MIS Training Institute (MIS)
Information Systems Audit and Control Association (ISACA)
American Institute of Certified Public Accountants (AICPA)
Association of Certified Fraud Examiners (ACFE)
Association of Government Accountants (AGA)
Project Management Institute (PMI)

Internal auditors also attend the Big Ten Internal Auditors Conference for training each year.

Policies and procedures for the Office of Internal Audit Department are available to each staff member and are updated periodically to reflect changes to department operations. Contact any staff member for further information.