Campus News

Date Published:Monday, May 25, 2015
Have you wondered why you were selected for an audit?  Or perhaps why you haven’t been visited by our friendly internal auditors?  There are several pieces of our annual audit planning process that is described below. Our Internal Audit professional standards require that our Chief Audit Officer establish a risk-based audit plan that considers the University’s goals.  In other...
Date Published:Monday, May 18, 2015
Every year, Internal Audit graces 14 different departments with their presence – insisting that we are there to help, but making you (and everyone else in your department) sweat. What if we are doing something wrong? Am I going to lose my job over this?  How can we be prepared for the end of the world department audit? These are questions that Internal Audit hears every time we start an...
Date Published:Wednesday, May 6, 2015
Information security standards that apply to the use of credit card information are the topic of this Internal Audit Awareness Month article from the University’s Internal Audit Department. Payment Card Industry Data Security Standards (PCI DSS) are technical and operational requirements set by the PCI Security Standards Council to protect cardholder data. These standards globally...
Date Published:Tuesday, May 5, 2015
Each May, the Institute of Internal Auditors promotes Internal Audit Awareness Month to bring attention to the profession of internal auditing.  Audit professionals are working year round to raise awareness of the internal audit profession and its value. Sometimes it is a struggle to overcome misperceptions of a profession often labeled as nitpicking fault-finders, blame-layers, and...
Date Published:Monday, April 20, 2015
Internal audit has finalized the audit plan for 2016.  Please click here for details, or click on the "Audit Plans" tab.  No dates or timeframes have been established for the audits.
Date Published:Wednesday, March 25, 2015
An emphasis on monitoring activities is the final COSO standard being examined in this series of articles. Ongoing evaluations, separate evaluations or some combination of the two are monitoring activities used to determine whether each of the five components of internal control, including controls to affect the principles within each component, is present and functioning. Ongoing evaluations...
Date Published:Sunday, February 22, 2015
Information and communication combine to form the fourth level of the COSO framework, and is the topic for this article in the ongoing series. Information is necessary for the University to carry out internal control responsibilities that support the achievement of its objectives. Management obtains or generates and uses relevant and quality information from both internal and external sources to...
Date Published:Saturday, February 21, 2015
Control activities are the third aspect of COSO standards of internal control examined in this series of Inside UNC Charlotte stories. University management establishes policies and procedures to mitigate risks to achieving objectives. These are known as control activities and are the core of the internal control framework.  They are performed at all levels of the University, at various...
Date Published:Friday, February 20, 2015
In this second article about the COSO standards of internal control, the focus is on risk assessment. Every level of the University faces various risks from external and internal sources. Risk is defined as the possibility that an event will occur and adversely affect the achievement of an organization’s stated objectives. Risk assessment involves a dynamic and iterative process to identify and...
Date Published:Thursday, February 19, 2015
Updated COSO internal control framework has implications for entire University Recently, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) updated its internal control standards, which form the backbone of internal control frameworks in organizations worldwide. North Carolina has adopted the COSO standards across all government agencies and universities, which has...