To provide the Board of Trustees, the President, and the management of the University of South Alabama with objective and independent analysis of the operations, financial activities, and systems of internal controls. Where necessary, make recommendations for improving the reliability and integrity of information, compliance with laws, the safeguarding of assets, and the economy and efficiency of operations.
Definition of Internal Auditing
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes (source: The Institute of Internal Auditors).