Internal Audit is an independent appraisal activity established by the Oregon State Board of Higher Education as a service to the Chancellor's Office and the seven universities comprising the Oregon University System. IAD reports administratively to the Chancellor and functionally to the Oregon State Board of Higher Education.
Internal auditing is an independent, objective, assurance and consulting activity designed to add value and improve system operations. It helps the Oregon University System accomplish its objectives by bringing a systematic, disciplined approach to evaluating and improving the effectiveness of the risk management, control, and governance processes. The objectives of internal auditing are to assist members of the organization in the effective discharge of their responsibilities by furnishing them with analyses, appraisals, recommendations, counsel, and information concerning the activities reviewed and by promoting effective control at a reasonable cost.
The Internal Audit Division (IAD) coordinates with the external auditors to ensure efficient and economical utilization of audit resources. IAD meets with the Secretary of State Audits Division and the external financial auditors twice a year and more frequently as needed to discuss staffing changes, audit plans, risks, and coordination. IAD attends external auditor entrance conferences and exit conferences.