Who Audits the Auditors?
Under Oklahoma state law and the Institute of Internal Auditors International Standards for the Professional Practice of Internal Auditing, Internal Audit must have a periodic external assessment conducted by a qualified, independent assessor or assessment team from outside the organization. The assessment must confirm conformance of the department with the definition of Internal Auditing, the Code of Ethics and the Standards of the Institute of Internal Auditors ('IIA').
Internal Audit has had external assessments, all of which have confirmed Internal Audit's conformance with the IIA requirements.
In addition, we have established an internal Quality Assurance and Improvement Program for measuring performance, ensuring quality, and monitoring for continued improvement. The program is designed to provide reasonable assurance to the Board of Regents and university management that Internal Audit:
- Complies with the definition of Internal Auditing, the Code of Ethics and the Standards of the IIA,
- Operates in an effective and efficient manner,
- Adds value and improves the organization's internal controls.