Office of Internal Audit

The University of Southern Mississippi

OFFICE OF INTERNAL AUDIT

MISSION STATEMENT

AUDIT STAFF

TYPES OF AUDITS

FAQs

THE AUDIT SCHEDULE

RELATED SITES

F R A U D - H O T L I N E

Southern Miss - Danny Rawls

Location
317, McLemore Hall

Mailing Address
118, College Drive #10032
Hattiesburg, MS 39406

Phone
(601) 266.6111

Fax
(601) 266.6290

E-mail:
OIA@usm.edu

Mission

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.

Objectives

Evaluate the soundness, adequacy, and application of accounting, financial and other operating controls, and promoting effective control at a reasonable cost.

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.

Standards

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.

Maintained by Vijay Patel for the Office of Internal Audit
Last modified: Aug 26, 2006 4:00 a.m. | Questions or comments?
The University of Southern Mississippi | Page URL: http://www.usm.edu/intaudit/Mission.html | AA/EOE/ADAI