Why Was My Department Selected For An Audit?
The annual audit plan is primarily developed using a risk-based methodology. It includes input from the University community, and considers various factors such as; financial impact, required regulatory or legal compliance, complexity of environment, technology and prior audit experience. Management requests standare annual audits and unanticipated projects round out the plan. While we want to visit as many departments as possible, because of our risk based approach, some areas will be audited more frequently than others.