Authority and Responsibility

University Audits is responsible for performing audits that examine and evaluate the adequacy and effectiveness of the University's system of internal controls.

The primary objectives of internal control are to ensure:

• Reliability and integrity of information
• Compliance with policies, plans, procedures, laws and regulations
• Safeguarding of assets
• Effective and efficient use of resources

Standard Practice Guide 505.1 outlines the authority and responsibility of the Office of University Audits. In the performance of their responsibilities, University Audits has full access to all University records, properties and personnel relevant to the subject under review and is free to review and appraise policies, plans, procedures and applicable records.

The Office of University Audits reports administratively to the University of Michigan president. A direct reporting relationship exists with the Board of Regents' Audit Committee.

Audits conducted by the Office of University Audits are reported to the University of Michigan Board of Regents and University President.