1600-Independence

 

Internal auditing is an independent appraisal function established within an organization to examine and evaluate its activities as a service to the organization.  The objective of internal auditing is to assist members of the organization in the effective discharge of their responsibilities.  To this end, internal auditing furnishes them with analyses, appraisals, recommendations, counsel and information concerning the activities reviewed.

 

In order for the desired results to be realized, auditors must perform their work fully and objectively, that is, be independent of the activities they audit.  They must have no authority over or responsibility for the activities they audit.

 

In order to maintain independence and objectivity, an auditor will not be assigned audits involving the following instances:

 

1.      Any situation in which a conflict of interest or bias is present.

2.      Any situation that involves a member of the auditor’s immediate family.

 

If through your actions or state of mind your audit objectivity is or can be inferred to be impaired, notify the Campus Director of Internal Audit immediately.  To assist in recognizing potential or perceived areas of conflict of interest, the auditor will complete an Auditor Independence form on the first day of employment and periodically thereafter as deemed appropriate by the Campus Director.  (Statement should be on office letterhead in memo form).

 

TO:

FROM: (Campus Director of Internal Audit)

DATE:

SUBJECT: Auditor Independence

 

To assist in recognizing potential or perceived areas of conflict of interest, please complete the following questionnaire and return to me by (due date).

 

Area where relative works: (relative = spouse, child, parent, in-law, grandparent, aunt/uncle)

 

(Indicate none if applicable)

 

 

 

Relative’s Title:

 

 

Area(s) where you feel your objectivity could be impaired or inferred impaired:

 

Area:

 

(Indicate none if applicable)

 

 

Reason:

 

 

 

_____________________                                            ___________________________

Signature                                                                       Date

 

 

 

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