faqs
Why request an audit?
An audit can produce many benefits. If you have recently assumed new or additional supervisory responsibilities, or if operations have been significantly modified, an audit can review procedures to assess whether internal controls are adequate. A periodic "checkup" to review your unit's activities can help ensure that your procedures continue to comply with University policy. An audit really is an opportunity to receive an independent appraisal of the effectiveness and efficiency of your unit's activities.
Why might I be selected for an audit?
There are several ways that a unit may be selected for an audit. They include:
| • | Inclusion in the annual audit plan - each year, Internal Audit prepares a plan that is submitted to the Board of Regents for review and approval. Factors considered in preparing the plan include exposure to loss, results from previous audits, regulatory mandates, operational or personnel changes, and technological developments or system complexity. |
| • | Investigative requests - including reports of suspected financial irregularities, misuse of state resources or systems, and other complex situations. |
| • | Random selection - on a cyclical basis to ensure complete coverage in addressing the range of exposures facing the University |
Who audits the auditors?
The Internal Audit Department functions in accordance with the Texas Internal Auditing Act. We recognize the Institute of Internal Auditors as our professional and authoritative source. As such, Internal Audit reports directly to the UNT Board of Regents with access to the Chancellor of the University.
Members of the State Auditors Office annually review internal audit activity. In addition, every three years, a team of auditors from outside the University performs a quality assurance review, a peer review, as required by law.