Internal Audit officially commenced duties in October 2003 at the University of Windsor. Currently, Internal Audit operates on a co-source basis between the University's Internal Auditor and Deloitte LLP, our third party co-source partner. Daily work activities are guided by an agile Annual Audit Plan that is approved by the Audit Committee of the Board of Governors on a periodic basis.
Internal Audit's primary objective is to independently assess the strength of the University's control environment. Additional objectives include the following:
- To support the University's Enterprise Risk Management and Fraud Risk Management processes
- To act as a consultative and advisory resource
- To build productive working relationships at all levels of the institution
- To increase awareness and understanding of risk and controls across the University, and
- To enhance operational improvement to assist the University in achieving its goals and objectives
To maintain independence, Internal Audit reports functionally to the Audit Committee of the Board of Governors and administratively to the Vice-President, Finance and Operations.