Audit & Advisory Services Mission & Charter

Revised: August 2009

The mission of the University of California (UC) internal audit program (IA) is to provide the regents, president, and campus chancellors independent and objective assurance and consulting services designed to add value and to improve operations. It does this by assessing and monitoring the campus community in the discharge of their oversight, management, and operating responsibilities. Internal audit brings a systematic and disciplined approach to evaluating and improving the effectiveness of risk management, control and governance processes.

 

UC Internal Audit Mission & Charter (Office of Ethics, Compliance and Audit Services)


Authority

Audit & Advisory Services functions under policies established by The Regents of the University of California, and reaffirmed through local campus policy.

Independence

Independence is essential to the effectiveness of the Internal Audit Program permitting the rendering of impartial and unbiased judgment essential to the proper conduct of audits. To that end, internal auditors will be independent of the activities they audit.

Independence is based primarily upon organizational status and objectivity: Audit & Advisory Services reports functionally to the Board of Regents through the SVP Ethics, Compliance & Audit, and administratively to the Chancellor through the Senior Vice Chancellor – Administration and Finance. The Director of Audit & Advisory Services may not be released from employment without concurrence from the University President upon the recommendation of both the Vice Chancellor – Administration and Finance, and the SVP Ethics, Compliance & Audit. 

Audit & Advisory Services may take directly to the Chancellor, the SVP Ethics, Compliance & Audit, the President, or The Regents matters that they believe to be of sufficient magnitude and importance. The Audit & Advisory Services Director shall take directly to the SVP Ethics, Compliance & Audit who shall report to the Senior Vice President/Chief Audit and Compliance Officer, and The Regents’ Committee on Audit Chair any credible allegations of significant wrongdoing (including any wrongdoing for personal financial gain) by or about the campus Chancellor, or Senior Vice Chancellor – Administration and Finance.

In performing the audit function, Audit & Advisory Services has no direct responsibility for or authority over, any of the activities reviewed. Therefore, the audit review and appraisal process does not in any way relieve other persons in the organization of responsibilities assigned to them.

Scope

Audit & Advisory Services is authorized to have full, free and unrestricted access to information including records, computer files, property, and personnel of the University in accordance with the authority granted by the University of California Audit Management Plan, Mission, and Charter, and applicable local campus policy as well as federal and state statues.

Except where limited by law, the work of Audit & Advisory Services is unrestricted. Audit & Advisory Services is free to review and evaluate all policies, procedures, and practices of any UCSF or UCSF affiliated activity, program, or function.

Professional Standards

The responsibility of Audit & Advisory Services is to serve the University in a manner that is consistent with the standards established by the University Audit Management Plan. At a minimum it shall comply with the International Standards for the Professional Practice of Internal Auditing and with the Code of Ethics of the Institute of Internal Auditors, Inc.