The objective of internal auditing is to assist members of management and the board in the effective discharge of their responsibilities. To this end, internal audit will furnish them with analyses, recommendations, counsel, and information concerning the activities reviewed. The audit objective includes promoting effective control at reasonable cost.
The scope of internal auditing encompasses the examination and evaluation of the adequacy and effectiveness of the District's system of internal control and the quality of performance in carrying out assigned responsibilities and achieving established objectives. The scope of internal auditing includes:
Evaluating the reliability and integrity of financial, operating, and performance information and the means used to identify, measure, classify, and report such information.
Analyzing the systems established to ensure compliance with those policies, plans, procedures, laws, and regulations that could have a significant impact on operations and reports, and determining whether the District is in compliance.
Reviewing the means of safeguarding assets and, as appropriate, verifying the existence of such assets.
Appraising the economy and efficiency with which resources are employed.
Assessing operations or programs to ascertain whether results are consistent with established objectives and goals.
Maintaining a high level of professional skepticism during audit engagements and evaluating the risk of fraud and the manner in which it is managed by the District.
Performing an initial review where evidence of fraud or a strong possibility of fraud has been discovered and assist in determining whether the fraud merits further investigation by law enforcement or outside experts that specialize in fraud investigations.
Providing assurance services through the objective examination of evidence for providing independent assessment on risk management, control, or governance processes for the District.
Providing consulting services through advisory and related customer service activities to add value and improve the District’s governance, risk management, and control processes without the internal auditor assuming management responsibility.
Conducting special projects assigned by the superintendent or the board of trustees.