Mission Statement

Introduction

Internal Audit represents an independent appraisal activity for the review of operations as a service to management. It is a managerial control which functions by measuring and evaluating the effectiveness of other controls or compliance activities.

Audits are designed to meet three objectives:

• Accountability - The accountability requirements of the UW-Madison go beyond internal management in almost every area. Because of this, audit efforts are directed toward ensuring adequate accountability for selected operations.

• Compliance - The UW-Madison has a public responsibility to comply with all rules and regulations. In addition, the financial risks associated with non-compliance can be very significant.

• Efficiency - The need to "get the most" from available resources is an ongoing responsibility of management. The unique position of Internal Audit allows us to see management systems in action and to recommend efficiencies.

Authority

The UW-Madison Internal Audit Department has been directed by the Chancellor's Office to:

• develop and maintain a internal auditing program for evaluating areas of identified risk,

• provide special audits upon request of the Chancellor's Office or it's representatives,

The department shall have full, free and unrestricted access to all appropriate UW-Madison activities, records, property, and personnel.