The Compliance and Internal Audit Office at the University was established in October 2014
to support and assist the Board of Trustees and the Executive Management in accomplishing
the University goals and objectives.
The role of the Compliance and Internal Audit Office is to work in areas of key compliance
with individuals throughout the University to:
· Facilitate collaboration, raise awareness, provide guidance, and address complianceConcerns· Develop an audit strategy to achieve balance between cost and value, while making acontribution to overall governance, internal controls and risk management· Foster a University culture that does not tolerate illegal or unethical behavior and createawareness among faculty and staff of the potentially adverse consequences of unethicalconduct· Solve problems by improving collaboration and communication· Reduce the risks of non-compliance, while increasing the likelihood of early detection andCorrection· Provide a source of best practices and assistance for the entire University community· Develop the internal audit plan and its charter· Perform internal audit activities as per the internal audit charter, which is designed to addvalue and improve operations through evaluation of internal controls, financial, complianceand risk assessment, taking into consideration the strategic objectives of the UniversityAssess the adequacy of compliance activities, evaluate overall program effectiveness, andrecommend and implement modifications to the program as necessary· Assist management in developing policies and bylaws, and provide training orientation tocreate awareness· Coordinate with the Department of Human Resources to process non-compliance issues· Report results of compliance and internal audit activities to the Board of Trustees Compliance
and Audit Committee, the Chancellor and Senior Management on a periodic basis