{"id":2,"date":"2020-06-24T15:04:51","date_gmt":"2020-06-24T19:04:51","guid":{"rendered":"http:\/\/www.yorku.ca\/unit-internal-audit\/?page_id=2"},"modified":"2022-03-21T15:07:34","modified_gmt":"2022-03-21T19:07:34","slug":"home","status":"publish","type":"page","link":"https:\/\/www.yorku.ca\/unit\/internal-audit\/","title":{"rendered":"Internal Audit Department"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<p style=\"font-size:18px\">Internal Audit at 快播视频 is an independent, objective assurance function. Reporting directly to the President and to the Board of Governors through the Finance &amp; Audit Committee and the Vice-President, Finance and Administration, Internal Audit\u2019s overarching mission is to act as a catalyst for continuous improvement by assessing University processes and operations, while protecting and safeguarding assets, in line with key priorities expressed in the\u00a0<a href=\"https:\/\/www.yorku.ca\/uap2020-25\/\">2020-2025 University Academic Plan.<\/a><\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<h2 class=\"text-uppercase h5 wp-block-heading\">Other Links<\/h2>\n\n\n\n<ul class=\"list-unstyled wp-block-list\"><li><a href=\"http:\/\/www.acua.org\/ACUA\/College_University_Auditors.asp\" target=\"_blank\" rel=\"noreferrer noopener\">Association of College and University Auditors<\/a><\/li><li><a href=\"https:\/\/www.isaca.org\/Pages\/default.aspx\" target=\"_blank\" rel=\"noreferrer noopener\">Information Systems Audit and Control Association<\/a><\/li><li><a href=\"https:\/\/na.theiia.org\/Pages\/IIAHome.aspx\" target=\"_blank\" rel=\"noreferrer noopener\">The Institute of Internal Auditors<\/a><\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group grey-bg-block px-5 m-0 has-very-light-gray-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<p style=\"font-size:18px\">To deliver on its mandate, Internal Audit maintains a comprehensive, up-to-date audit risk universe, from which audits are selected to create an Annual Audit Plan.\u00a0 Audits are selected on a risk basis through consultation with the President, Vice-Presidents and the Finance &amp; Audit Committee. The objective of each audit may be somewhat different, though they share a common fundamental purpose \u2013 to assess the adequacy of internal controls, systems and processes, and to evaluate whether the University is operating effectively, efficiently and within the established laws and regulations.<\/p>\n<\/div><\/div>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:23px\">The Annual Audit Plan includes a broad range of audits including:<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3 class=\"h5 text-uppercase text-primary wp-block-heading\"><strong>Regulatory Audits<\/strong>:<\/h3>\n\n\n\n<p>required by the government and other funding agencies in respect of the funding envelopes they provide to the University. The main purpose of these audits is to validate that funds are being expended in accordance with set requirements.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3 class=\"h5 text-uppercase text-primary wp-block-heading\"><strong>Operations Audits:<\/strong><\/h3>\n\n\n\n<p>to assess the effectiveness of operations and make recommendations for improvement.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3 class=\"h5 text-uppercase text-primary wp-block-heading\"><strong>Financial Management Audits:<\/strong><\/h3>\n\n\n\n<p>to validate financial transactions across the University, identify gaps in internal controls, and make recommendations.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3 class=\"h5 text-uppercase text-primary wp-block-heading\"><strong>Contract Audits:<\/strong><\/h3>\n\n\n\n<p>to validate compliance with contractual terms and conditions and evaluate whether the University is obtaining value from its larger contracts.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3 class=\"h5 text-uppercase text-primary wp-block-heading\"><strong>IT Security Audits:<\/strong><\/h3>\n\n\n\n<p>to assess the information security controls of individual University systems, identify potential vulnerabilities, and make recommendations.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3 class=\"h5 text-uppercase text-primary wp-block-heading\"><strong>Reviews of Resource Utilization:<\/strong><\/h3>\n\n\n\n<p>to evaluate the distribution and utilization of valuable University resources including finances, people, and space.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3 class=\"h5 text-uppercase text-primary wp-block-heading\"><strong><strong>Risk Management:<\/strong><\/strong><\/h3>\n\n\n\n<p>to facilitate the University\u2019s Enterprise Risk Management (ERM) initiative by providing the Board of Governors and senior management with a regular assessment of the University\u2019s top strategic risks and risk trends, along with the mitigating actions underway to manage risk.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h3 class=\"h5 text-uppercase text-primary wp-block-heading\"><strong>Special Investigations:<\/strong><\/h3>\n\n\n\n<p>to investigate allegations or suspicions of potential fraud and misappropriation of University assets.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Internal Audit at 快播视频 is an independent, objective assurance function. Reporting directly to the President and to the Board of Governors through the Finance &amp; Audit Committee and the Vice-President, Finance and Administration, Internal Audit\u2019s overarching mission is to act as a catalyst for continuous improvement by assessing University processes and operations, while protecting [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","footnotes":""},"tags":[],"class_list":["post-2","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Internal Audit Department - Internal Audit<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yorku.ca\/unit\/internal-audit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Internal Audit Department - Internal Audit\" \/>\n<meta property=\"og:description\" content=\"Internal Audit at 快播视频 is an independent, objective assurance function. 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