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KSU Internal Audit Charter	KSU Hale Library

Purpose:

The Kansas State University Internal Audit Department provides independent objective analysis and recommendations to assist University managers in effectively discharging their administrative responsibilities. The Department assesses the adequacy and effectiveness of internal controls with the goal of promoting effective controls at reasonable costs. The Internal Audit Department performs routine audits in accordance with an approved annual audit plan and conducts special reviews at the request of University management or the Kansas Board of Regents.

Authority:

The Internal Audit Department reports to the President through the Vice President for Administration and Finance. The Department has no direct responsibility for any day-to-day University activities or operations. The Internal Audit Department is authorized to have unrestricted access to all Kansas State University records, property and personnel. The Internal Audit Department shall report to the Board of Regents Audit Committee any situation wherein the internal auditor perceives a conflict of interest with or on the part of the Chief Executive Officer relative to any aspect of an audit.

Responsibilities:

The Internal Audit Department advises University management on the adequacy and effectiveness of internal controls. The Department is guided by the Standards for the Professional Practice of Internal Auditing and the Code of Ethics adopted by the Institute of Internal Auditors. The major principles considered by the Internal Audit Department as it develops audit guidelines and conducts audits include the following:

• Assess the soundness, adequacy and application of accounting, financial, and other operating controls;

• Determine adherence to University plans, policies, and procedures;

• Assess compliance with applicable laws, regulations and generally-accepted accounting principles;

• Ascertain whether program results are consistent with established objectives;

• Ascertain the adequacy of controls for safeguarding University assets from losses of all kinds; and

• Assist in the improvement of University operations by making appropriate constructive suggestions and recommendations.