Office of Internal Audit

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 

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

The Audit Schedule

---

Audit Schedule

The Office of Internal Audit at The University of Southern Mississippi periodically performs assessments of all university operating units and control functions to identify areas of potential risk. Reviews are performed based on risk assessment. Others are performed annually. We also respond to special requests from the president, vice presidents, university counsel and departmental management, inquiries made by the university community, and special requests for audits from external agencies. 

A Typical Internal Audit Includes:

Scheduling an opening conference to discuss audit objectives, timing, and intended report format and distribution. Internal control, petty cash, and EDP questionnaires are distributed at this time to management for completion.

Evaluating internal controls.

Testing to ensure that internal controls are functioning as intended.

Additional testing as deemed necessary.

Developing conclusions based on test results.

Distributing a draft report to management for review and response to findings.

Reviewing audit issues and recommendations with management.

Preparing and distributing a final report to the president, appropriate vice presidents, and management.

The audit report will generally include management's responses to the issues raised.

Forwarding an exit questionnaire to management for evaluation of audit.

Following up to ensure all issues raised in the audit report have been addressed. 

---

Maintained by Vijay Patel for the Office of Internal Audit
Last modified: Aug 26, 2005 4:00 p.m. | Questions or comments?
The University of Southern Mississippi | Page URL: http://www.usm.edu/intaudit/Schedule.html | AA/EOE/ADAI