Types of Audits

The types of audits provided by the Internal Audit Department include:

  • Financial Audits address questions regarding internal controls, accounting and the propriety of financial transactions. Most audits are integrated encompassing financial, operational, compliance and information technology audits.
  • Compliance Audits determine the degree of adherence to laws, regulations, policies, and procedures of the University, the Commonwealth of Pennsylvania, the Federal government, and other regulatory agencies such as the NCAA.
  • Operational Audits review the use of resources and procedures/practices in the department being audited to determine if goals and objectives are being met in the most effective and efficient manner. A key component of operational audits is to assess the internal control environment of the unit to manage and mitigate inherent risks.
  • Information Technology Audits evaluate system processing controls, data security, physical security, systems development procedures, contingency planning, and systems requirements.
  • Consulting and Advisory Services are requested by management and encompass a wide range of activities. We will facilitate risk assessments, business process analysis, data analysis or information technology assessments. We are also available to consult on new system implementations, process and system redesign initiatives, and policy changes. Should you have any questions or concerns regarding specific policies and procedures employed by our department, we encourage you to contact us.
  • Special Investigations are performed in response to allegations received by our office through the University's hotline or other internal and external sources. Allegations are prioritized and investigated based on an assessment of potential risk to the University.