Audit & Advisory Services (A&AS) encompasses a broad array of services beyond regular audits. These proactive and preventive activities are focused in the following areas:
- Internal Control and Accountability – Promotes the systems of internal controls through (1) training of University personnel in concepts of internal control and (2) consultation on their implementation. These services include our efforts to support the Controller's accountability initiatives.
- Special Projects and Consultations – Promotes effective and efficient operations through (1) special management studies, (2) advisory participation on business process and systems reengineering teams, (3) consultation on business issues (e.g., regulatory compliance matters) and (4) departmental assistance with investigation problems.
- Systems Development and Re-engineering – Involves participation with teams and committees to assist in their continued efforts to (1) develop and implement new systems, (2) redesign business processes to be more effective and efficient and (3) deal with other business issues. Involvement of auditors in a consultative manner during the design and development phase helps to ensure that sound business practices, including effective internal controls, are built into the systems and processes.
- Data Analytics and Continuous Monitoring – We examine data to uncover patterns, correlations and other information that can be used to increase productivity, identify risks or errors and make better decisions. We use analytic tools to create exceptions and management reports that can be used for continuous monitoring or to define the impact of identified or potential risks.