About Us

Organization and Reporting

In compliance with the Board of Regents action on October 17, 1996, the University of Kansas internal audit function reports directly to the Chancellor of the University.

Annually, the Director submits to the Chancellor a written report on the internal audit activity during the preceding fiscal year. The report also identifies the audit plan for the next fiscal year and presents a current University risk analysis.

During the fiscal year, the Director will make additional written reports to the Chancellor whenever there is evidence of defalcations or other problems exceeding $25,000. By Board of Regents directive, it is the responsibility of the Chancellor to communicate to the Board of Regents any audit findings which should be further reviewed by the Board of Regents.

In addition, if the circumstances ever warrant such action, the Internal Audit Director may circumvent normal University reporting lines and communicate directly with the Board of Regents.

Authorization and Responsibilities

Internal Audit is authorized by the Chancellor and the Board of Regents to direct a broad, comprehensive program of review throughout the University.

Internal Audit has the authority to audit all parts of the University and shall have full and complete access to any of the organization's records, physical properties, information systems, and personnel relevant to the performance of an audit or investigation. Documents and information given to internal auditors during a periodic review will be handled in the same prudent manner as by those employees normally accountable for them.

Internal Audit will have no direct responsibility or authority for any of the activities or operations they review. They should not develop and install procedures, prepare records, or engage in activities that would normally be reviewed by internal auditors. Furthermore, an internal audit does not in any way relieve other University personnel of their responsibilities.

Audits of the affiliated corporations will only be conducted when requested by appropriate authority since these organizations are routinely audited by Certified Public Accountants.

Reporting Responsibilities

A report will be prepared and issued by the Internal Audit Director following the conclusion of each audit. Copies of the report will be distributed as appropriate. The manager of the activity or department will respond before the final report is issued and the response will be included with the final report. The response will indicate corrective actions taken or planned regarding specific report findings.

The Manager receiving the report is responsible for ensuring that progress is made toward correcting any reported findings. Internal Audit is responsible for determining whether the action taken is adequate to resolve the audit findings. If the action is not adequate, Internal Audit will inform University senior management of the potential risk and exposure in allowing the unsatisfactory conditions to continue.

Standards and Ethics

Code of Ethics

The Internal Audit staff is responsible for conducting themselves so that their good faith and integrity will not be open to question. Internal Audit has adopted the Codes of Ethics issued by the Institute of Internal Auditors and the Information Systems Audit and Control Association. Staff shall realize that individual judgment is required in the application of these standards.

Statement of Commitment, Independence and Lack of Conflicts