The internal audit department develops an audit plan utilizing risk analysis to identify the major areas and units needing audit attention. This involves periodic assessments of the university operating units and control functions to identify areas of potential institutional risk. The assessment of risk is based on factors such as:
Based on these assessments and discussions with administrators, an annual audit plan is recommended by the internal audit department. This plan is submitted to the Vice President for Administration & Finance for approval. The plan is continually subject to modification depending on the urgency of projects/issues that may arise during the year. The audit plan is intended to focus work where it would be most productive, address the highest-risk areas identified and provide the most payback.
P.O. Box 4115
Flagstaff, AZ 86011
523 S Knoles Dr
© 2007 Arizona Board of Regents, Northern Arizona University
South San Francisco Street, Flagstaff, Arizona 86011