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Office of Internal Audit |
 OFFICE
OF INTERNAL AUDIT
Location
Mailing Address
Phone
Fax
E-mail:
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Mission | Objectives | Standards | Code of Ethics | Authority
Mission
The Office of Internal Audit, reporting directly to the president,
is committed to assisting The University of Southern Mississippi and its
management by furnishing independent appraisals, counseling, recommendations
and applicable information concerning activities reviewed, as well as providing
assistance to external regulatory agencies on behalf of the university.
- Evaluate the soundness, adequacy, and application of accounting, financial
and other operating controls, and promoting effective control at a reasonable
costs. Provide advice and guidance on control aspects of new policies,
systems, processes, and procedures. Determine the level of compliance with
university policies and procedures, state and federal laws, and government
regulations. Determine the effectiveness and efficiency of organizations
in accomplishing their mission and identify operational opportunities for
cost savings and revenue enhancements. Evaluate the accuracy, effectiveness
and efficiency of the university's electronic information and processing
systems. Perform annual audit of Athletics
to meet NCAA Financial Audit Guidelines and provide audit assistance to
external auditors. Provide audit assistance to the Office
of the State Auditor to include reviews of payroll, expenditures, inventory
observations, inventory pricing, cellular phone audits, property accounting
audits, petty cash counts and confirmations, and procurement card audits.Perform
special projects as requested by the president,
vice presidents, and the Office of the State Auditors and other reviews
as time and personnel allow.
The department's primary goal is to provide excellent service to the University. Audits and reviews are performed in accordance with applicable standards established by the American Institute of Certified Public Accountants (AICPA), Institute of Internal Auditors (IIA), and Government Accounting Office (GAO). Code of Ethics
The department is committed to the highest degree of fairness, integrity, and ethical conduct in the performance of our mission. We endorse the "Code of Ethics" as adopted by the Association of College and University Auditors (ACUA).
Authority
The department has unrestricted access to all university activities,
records, properties, and personnel applicable to the area under review.
The president
of
the university has endorsed this right and has resolved that the scope
of the Office of Internal Audit's activities not be restricted by actions
of university management.
