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Robin Chappellie
Director of Internal Audit
504-314-2828

Jon Souquet
Senior Internal Auditor
504-314-2899   

Beth Wilde

Senior Internal Auditor
504-865-5583

800 East Commerce Rd, Ste. 206
Harahan, LA  70123-3452
Fax:  504-862-8647

 

 

Audit Charter


Table of Contents

1.    Function
2.    Reporting Relationship
3.    Mission Statement
4.    Authority 
5.    Scope
6.    Accountability 
7.    Responsibility  
8.    Values   


1.    Function

It is the policy of Tulane University (University) to establish and support an internal audit department as an independent appraisal function to examine and evaluate University activities as a service to management and the governing boards of the organization as a whole.

The objective of Internal Audit is to assist members of management and the Board in the effective discharge of their responsibilities.  To this purpose, Internal Audit furnishes findings, conclusions, and recommendation concerning the activities reviewed.

2.    Reporting Relationship

To provide for independence, Internal Audit reports administratively to the Senior Vice President of Operations and Chief Financial Officer and functionally to the Audit Committee.  The Senior Vice President of Operations and the Audit committee shall approve the annual internal audit plans and objectives.

3.    Mission Statement

The mission of Internal Audit is to provide independent, objective assurance and consulting services designed to add value and improve University operations.  Internal Audit helps the University accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

4.    Authority

Internal Audit is authorized to
•    Have unrestricted access to all functions, records, property and personnel
•    Have full and free access to the Audit Committee
•    Allocate resources, set frequencies, select subjects, determine scopes of work, and apply the techniques required to accomplish audit objectives
•    Obtain the necessary assistance of University personnel in areas under audit
•    Obtain specialized services from within or outside the University, with the approval of the Senior Vice President of Operations

Internal Audit is not authorized to
•    Perform any operational duties for any department other than Internal Audit
•    Initiate or approve accounting transactions outside of the Internal Audit Department
•    Direct the activities of any University employee not employed by Internal Audit, except to the extent such employees have been appropriately assigned to assist

5.    Scope

The scope of the work is to determine whether University risk management, control and governance processes, as designed and represented by management, are adequate and functioning in a manner to ensure
•    Risks are appropriately identified and managed
•    Significant legislative or regulatory issues are recognized and addressed properly
•    Significant financial, managerial and operating information is accurate, reliable and timely
•    Employees act in compliance with policies, standards, procedures and applicable laws and regulations
•    Resources are acquired economically, used efficiently and adequately protected
•    Quality and continuous improvement are fostered
•    Interaction as needed with the various governance groups
•    Information technology is reliable and secure

6.    Accountability

Internal Audit shall be accountable to management and the Audit Committee to
•    Report and provide information on significant issues related to University operations, including potential improvements, through resolution
•    Provide information periodically on the status and results of the annual audit plan and the sufficiency of department resources
•    Coordinate and consult with other control and monitoring functions (risk management, compliance, security, legal, ethics, environmental, external audit)

7.    Responsibility

Internal Audit has the responsibility to
•    Establish procedures and programs for the internal auditing activity, including technical and administrative functions
•    Identify activities requiring internal audit through communication with management, other key personnel or problem areas encountered during the performance of regular assignments
•    Prepare a risk-based audit plan annually and submit it to the Audit Committee for approval
•    Maintain a desired level of professional competence in internal auditing principles and practices
•    Undertake internal audits and reviews in a thorough and adequate manner, with a minimum interference to operations
•    Present full and valid results and recommendations
•    Examine existing systems and activities to evaluate efficient and effective use of resources, accomplishment of goals and objectives, reliability of information, accuracy of records, compliance with policies and procedures and integrity of controls
•    Appraise the economy and efficiency with which University resources are employed
•    Identify opportunities to improve operating and technological performance
•    Review the reliability, integrity and security of information and the means and technology used to identify, measure, classify and report such information
•    Review the integrity of safeguarding assets and, as appropriate, verify asset existence
•    Participate in the development or modifications of operating policies and information systems security
•    Publish and distribute reports on the results of audit examinations, including recommendations for improvement
•    Utilize resources assigned to maximum advantage
•    Establish a quality assurance program by which the Director assures the efficient and effective operations of the department
•    Perform consulting services as requested to assist management in meeting its objectives
•    Inform the Audit Committee of emerging trends and successful practices in internal auditing
•    Provide a list of significant measurement goals and results to the Audit Committee
•    Assist in the investigation of significant suspected fraudulent activities and notify management and the Audit Committee of the results

8.    Values

Our primary focus is to provide excellent service to the University.  Internal Audit will meet or exceed the Standards for the Professional Practice of Internal Auditing of the Institute of Internal Auditors.

We are committed to the highest degree of fairness, integrity and ethical conduct in the performance of our mission.  We shall
•    Adhere to the Code of Ethics as established by the Institute of Internal Auditors
•    Uphold the core values of the University
•    Allow responsible management of an audited area to review and respond to our findings and recommendations before publication

Our relationship with the University community will be characterized by respect, helpfulness, sharing, patience and openness.  We are committed to maintaining our professionalism as internal auditors through continuance of our education and training.

 


Tulane University, New Orleans, LA 70118 504-865-5000 website@tulane.edu