A-to-Z Index

Scope of Audits

 

To accomplish our mission, we evaluate the adequacy and test the effectiveness of   internal controls.  Internal controls are the methods or procedures used by an organization to:

  • Ensure reliability and integrity of information;
  • Ensure compliance with policies, laws, regulations, etc.;
  • Safeguard assets;
  • Promote economical and efficient use of resources; and
  • Accomplish goals and objectives.

 

Compliance Issues

 

Compliance issues referred to above include JMU, State, Federal, and other external requirements.  Some of these are:

 

JMU

•  University Policy Manual

•  JMU Financial Procedures Manual

 

Commonwealthof Virginia

•  Commonwealth Accounting Polices and Procedures (CAPP) Manual

•  Agency Procurement Manual

•  Capital Outlay Manual (issued by the Department of General Services)

•  Appropriation Act

•  Council on Information Management (CIM) Standards

•  Code of Virginia

•  State Council of Higher Education in Virginia (SCHEV) Guidelines 

Federal

•  Federal Register (requirements related to financial aid - e.g., StaffordLoan, Work Study, Perkins Loan, Pell Grant programs)

•  Family Educational Rights Privacy Act

Other External Requirements

•  NCAA Regulations

 

University Policy on Internal Auditing

The mission and scope are also included in University Policy 1601, entitled "Auditing Program".

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