Audit

Mission

The mission of internal audit is to enhance and protect organizational value by providing risk-based and objective assurance, advice, and insight. Auditors provide independent, objective assurance and advisory activity designed to add value and improve university operations. Internal auditors help the Montana University System accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of governance, risk management, and control processes.

Charter

The MUS Internal Audit Charter (Charter) defines the internal audit purpose, authority, responsibility, and position within the MUS. The Charter was approved by the Board of Regents in September 2019.

Audit Plan

At the beginning of the fiscal year, following a risk-based process, the audit directors at the flagship campuses submit their audit plan to the president of the flagship university. The audit plan is then submitted to the Director of Assurance and Enterprise Risk at the Office of the Commissioner of Higher Education (OCHE) for review and approval by the Board of Regents’ Budget, Administration, and Audit Committee (BAAC). The MUS Director of Assurance and Enterprise Risk reports periodically throughout the year to executive management and the BAAC on the status of engagements included in the Audit Plan.