The purpose of Internal Audit is to provide independent, objective assurance and consulting services designed to add value and improve the University of North Texas System operations. It assists the System in accomplishing its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
The Chief Audit Executive reports to the Audit Committee of the Board of Regents. The Audit Committee recommends for approval by the Board the hiring, removal, and evaluation of the Chief Audit Executive who shall report to the Board through the Committee. At least once per year, the Audit Committee of the Board of Regents will review the performance of the Chief Audit Executive and review the letter of employment outlining the details of employment.
Internal Audit Staff report directly to the Chief Audit Executive. Internal Audit activities and audit reports are communicated by the Chief Audit Executive to the Board of Regents and all other applicable reporting entities including the State of Texas. This reporting relationship promotes independence and provides adequate consideration of audit issues, recommendations, and management action plans.
The Chief Audit Executive will also coordinate the audit efforts with the System’s public accountants and other external auditors, as well as conduct independent reviews of specific issues, accounts, or incidents where applicable.
Woodhill Square | 1108 Dallas Drive, Ste. 3000 | Denton, TX 76205