Internal audit activities are conducted under a defined charter, approved by the Board of Trustees, which states the purpose, mission, authority, and responsibility of the department.
The University of Oregon separated from the Oregon University Systems under the authority of the State Board of Higher Education on July 1, 2014. As a result of this separation, the UO established its own governing board and implemented an internal audit function.
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve university operations. It helps the university accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. The Office of Internal Audit enhances and protects the University’s value by providing risk-based and objective assurance, advice, and insight.
In order to achieve independence, objectivity, and the organizational stature necessary to effectively fulfill its obligations, Internal Audit reports functionally to the Board of Trustees, which directs the planning, execution and results of audit activities. Internal Audit reports administratively to the President, who oversees its payroll, budget, space allocation, equipment and other matters.