Internal Audit - Procard Pointers

Audit Resources

 

Top Five Steps to Prepare for an Audit
Professional Organizations
Government and Taxes

 

Top Five Steps to Prepare for an Audit

  • Review Policies and Procedures

    Take a look at the policies and procedures you use within your department, college, or division. Make sure they are up-to-date and reflect your current processes. Tennessee Tech University policies and procedures can be found at this link or in Tech Express. Also take a look at your documented enterprise risks and control activities and make any updates to make sure the documentation matches your current processes.

  • Look Over Past Audits

    Review your prior audits or reviews and make sure you are following your agreed upon management action plans. If you need your old reports, just ask! We are happy to provide them for internal use.

  • Make a List of IT Resources

    Make a list of the most important IT resources you manage outside of centralized IT. These could contain financial, student, or research data.

  • Review Strategic Initiatives

    Review your area's strategic initiatives or activities you are performing to meet your unit's goals. What are the critical matters going on right now that require further assistance? What are your biggest concerns that keep you up at night? Be prepared to discuss these with the audit team.

  • Think Strategically

    Be prepared to discuss ways the audit team can assist you and provide insight into your operations. Think of all areas, not just financial, in which we could assist by providing assurance that processes, controls, or procedures in your area or at Tech are effective, efficient, and/or are working as designed.

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Professional Organizations

This section includes links to professional organizations that offer resources and support for auditors and other higher education professionals.


IIA - The Institute for Internal Auditors
ACUA - Association of College and University Auditors
ACFE - Association of Certified Fraud Examiners
EDUCAUSE - Transforming Education through Information Technology
NACUBO - National Association of College and University Business Officers
ISACA - Information Systems Audit and Control Association
COGR - Council on Government Relations and national authority on federal policies and regulations affecting U.S. research institutions
ISC2 - Leading Association for Cybersecurity Professionals
NCAA - National Collegiate Athletic Association
SoCon - The Southern Conference

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Government and Taxes

This section includes links to government and tax resources that may be helpful for reporting and compliance purposes.


State of Tennessee Comptroller's Office - Thirteen divisions ensuring the State of Tennessee accurately accounts for all funds and is a constitutionally required position.
State Audit - A division of the Comptroller's Office that performs audits of all State of Tennessee accounts and records, including Tennessee Tech's annual financial statement audit among others.
State Division of Investigations - Investigates allegations of fraud, waste, or abuse in government and publicly-funded entities, including Tennessee Tech.
Tennessee General Assembly - Legislature including the Tennessee Senate and House of Representatives
Government Internal Control Standards - The Green Book
Internal Revenue Service - IRS Forms and Publications
US Legislation - Bill and Summary Status
Library of Congress - The Library of Congress Home Page

We hope you find these sites useful. The Office of Internal Audit does not endorse or assume any responsibility for information, goods, or services presented or advertised on any of the provided sites.

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