Office of Internal Audit and Consulting Services at

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Office of Internal Audit and Consulting Services at UT Tyler Budget Authority Training Fiscal

Office of Internal Audit and Consulting Services at UT Tyler Budget Authority Training Fiscal Year 2015 Lou Ann Viergever, CPA, CIA, CRMA Executive Director

Mission of Internal Audit The mission of the UT Tyler Office of Audit and

Mission of Internal Audit The mission of the UT Tyler Office of Audit and Consulting Services is to provide independent, objective assurance and consulting services designed to add value and improve operations.

Where Does Audit Fit in the Big Picture Independent Objective Add Value

Where Does Audit Fit in the Big Picture Independent Objective Add Value

Three Lines of Defense

Three Lines of Defense

First Line of Defense… What do you need to do? Strong Internal Controls: 1.

First Line of Defense… What do you need to do? Strong Internal Controls: 1. Policies and Procedures Manuals… who is responsible for what and when? 2. Segregation of Duties… two sets of eyes! 3. Account Reconciliations… Are YOUR numbers really right? 4. Documentation Maintained 5. Password Protection

How Do We Decide What to Audit? • Assist departments in identifying risks and

How Do We Decide What to Audit? • Assist departments in identifying risks and controls and creating a risk footprint considering impact and probability • Combine all risk footprints into one UT Tyler risk footprint • Identify required audits • Allocate hours to high risk areas as determined by the Institutional Audit Committee and UT System • Reserve hours for training and consulting

Resources & More Information http: //www. uttyler. edu/internalaudit/ • • Audit Charter and Committee

Resources & More Information http: //www. uttyler. edu/internalaudit/ • • Audit Charter and Committee Audit Reports and Annual Plans Staff Information More Links and Resources – – UT System Policies Budget Authority Resources The Red Flags of Fraud The Basics of Internal Control

Internal Audit Team Lou Ann Viergever Karen Chudej Lynn Harris Ext 5644 Ext 5934

Internal Audit Team Lou Ann Viergever Karen Chudej Lynn Harris Ext 5644 Ext 5934 Ext 5685 Lviergever@uttyler. edu Kchudej@uttyler. edu Lynnharris@uttyler. edu

We really are here to help! We are a phone call, email or click

We really are here to help! We are a phone call, email or click away!

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