The Division of Audit (DoA, or The Division) provides independent, objective assurance and consulting services
designed to add value and improve the University’s operations. It helps the University
accomplish its objectives by bringing a systematic, disciplined approach to evaluate
and improve the effectiveness of risk management, control, and governance processes.
The Division serves as a proactive business partner with University management by
evaluating business processes, controls, compliance mechanisms and technologies to
ensure:
View the Board of Trustees Audit and Compliance Committee Charter
Approved December 02, 2021
Internal auditing is an independent and objective assurance and consulting activity that is guided by a philosophy of adding value to improve the operations of the University. It assists the University in accomplishing its objectives by bringing a systematic and disciplined approach to evaluate and improve the effectiveness of the University’s governance, risk management, and internal control processes.
To accomplish its mission, the University must maintain the confidence of its Board of Trustees (BOT), faculty, staff, students, alumni, the public, elected officials, and various other stakeholders. The Division provides valuable support in maintaining the public’s confidence by performing independent and objective reviews, risk management activities, and reporting to the Audit and Compliance Committee and responsible administrative and academic officers so that corrective actions, risk response plans, and enhancements can be initiated. The Division’s objective is to assist the BOT, President, and University management in the effective discharge of their responsibilities.
The Division of Audit (Division, or DoA) provides insight on the mitigation of business risk to assist the BOT and University management in the effective discharge of their responsibilities as they relate to the University policies, processes, programs, information systems, internal controls, and management reporting. The Division of Audit is a point of coordination of and responsibility for activities that promote accountability, integrity, and efficiency in the operations of the university.
The Division's mission is to enhance and protect the value of FAMU and its stakeholders by providing excellence in risk-based and objective assurance, advice, and insight through the promotion of accountability, integrity, and efficiency.
Audit activities will conform to the International Professional Practices Framework published by the Institute of Internal Auditors, Inc.; the Government Auditing Standards published by the United States Government Accountability Office; and/or the Information Systems Auditing Standards published by ISACA. Additionally, the Division will adhere to the University’s regulations, the Division’s standard operating procedures manual, and Florida Board of Governors regulations and standards guidance.
Investigation activities will conform to standards found in the Principles and Standards for Offices of Inspector General published by the Association of Inspector General, and professional standards issued for the State University System of Florida entitled Standards for Complaint Handling and Investigations for the State University System of Florida.
The Division provides audit, investigative, and risk management services to all entities of Florida A&M University, including schools, colleges, administrative departments, auxiliary enterprises, and direct support organizations. Accordingly, the Division is authorized to:
The Vice President of the Division of Audit serves as the University’s Chief Audit Executive, as described in the International Standards for the Professional Practice of Internal Auditing. The Chief Audit Executive shall notify the chair of the BOT’s audit committee or the President, as appropriate, of any unresolved restriction or barrier imposed by any individual on the scope of an inquiry, or the failure to provide access to necessary information or people for the purposes of such inquiry. The Chief Audit Executive shall work with the BOT and university management to remedy scope or access limitations. If the university is not able to remedy such limitations, the Chief Audit Executive shall timely notify the Board of Governors, through the Office of Inspector General and Director of Compliance (OIGC), of any such restriction, barrier, or limitation.
The Chief Audit Executive reports functionally to the Chair of the BOT and to the Chair of the BOT’s Audit and Compliance Committee, and therefore communicates and interacts directly with the BOT, including at BOT meetings and between BOT meetings as appropriate. The Chief Audit Executive reports administratively to the President of the University. The BOT will:
The Chief Audit Executive shall report directly to the Chair of the BOT and Chair of the BOT’s Audit and Compliance Committee any allegations by, or about, the University President. Any allegations related to the Chief Audit Executive shall be reported to the University President and Chair of the BOT’s Audit and Compliance Committee. Any allegations against BOT members shall be reported to the Board of Governors. These allegations are not to be handled internally and are not to be investigated by the Division.
The Division will remain free from interference by any element in the University, including matters of audit and investigation selection, scope, procedures, frequency, timing, or report content to permit maintenance of a necessary independent and objective mental attitude.
Division staff must have no personal and external impairments to their independence, and have no direct responsibility or authority over any of the activities audited. Accordingly, they will not implement internal controls, develop procedures, install systems, prepare records, or engage in any other activity that may impair their judgment.
Division staff will exhibit the highest level of professional objectivity in gathering, evaluating, and communicating information about the activity or process being examined. Division staff will make a balanced assessment of all the relevant circumstances and not be unduly influenced by their own interests or by others in forming judgments.
The Chief Audit Executive will confirm to the BOT, at least annually, the organizational independence of the internal audit activity.
Responsibility
The scope of internal audit encompasses, but is not limited to, providing assurance to management by examining and evaluating of the adequacy and effectiveness of the university’s governance, risk management, and internal controls as well as the quality of performance in carrying out assigned responsibilities to achieve the University’s stated goals and objectives.
The Chief Audit Executive is responsible for fulfillment of the following activities:
We will be championed by our customers, benchmarked by our peers (counterparts), and dedicated to excellence in our products and services.
The Division's mission is to enhance and protect the value of FAMU and its stakeholders by providing excellence in risk-based and objective assurance, advice, and insight through the promotion of accountability, integrity, and efficiency.
Accountability | Efficiency | Integrity |
Objectivity | Competence | Awareness |
Sufficiency | Confidentiality | Fairness |
Professionalism | Personability | Empathy |
Timeliness | Value Added | Trust |