About Us
Vision Statement
To be a forward-thinking internal audit function that leverages innovation and artificial intelligence to enhance risk management, governance, and value delivery in higher education.
Mission Statement
To provide independent, objective assurance and advisory services that support the institution's goals by using data-driven insights, automation, and AI to improve efficiency, transparency, and strategic decision-making.
Strategic Goals and Objectives
Goal 1: Enhance Audit Effectiveness and Efficiency Through AI
- Objective 1.1: Implement AI-powered audit analytics to detect anomalies, trends, and emerging risks.
- Objective 1.2: Use natural language processing (NLP) to review policies, contracts, and large volumes of text.
- Objective 1.3: Automate routine audit tasks using machine learning models and robotic process automation (RPA).
Goal 2: Build a Data-Driven Audit Culture
- Objective 2.1: Partner with IT, Research IT, and SOM IT, to develop a centralized, secure data lake for audit use.
- Objective 2.2: Train staff in data literacy, AI tools, and predictive analytics.
- Objective 2.3: Create a dashboard of key audit metrics powered by AI for continuous monitoring.
Goal 3: Strengthen Risk Management and Compliance Oversight
- Objective 3.1: Deploy AI to monitor financial transactions, academic risks, and cybersecurity threats.
- Objective 3.2: Leverage AI models for real-time fraud detection and prevention.
- Objective 3.3: Integrate AI-assisted controls testing in high-risk departments through continuous auditing (e.g., grants, procurement).
Goal 4: Establish an Internal Audit Student Internship Program
- Objective 4.1: Align the Internal Audit Plan with the Robert C. Vackar College of Business and Entrepreneurship School of Accountancy's (SOA) Institute of Internal Audit Academic Alliance Program.
- Objective 4.2: Develop Internship Program in collaboration with SOA Faculty Advisor and seek appropriate resources.
- Objective 4.3: Initiate Internship Program.