Stop 8093
Continuing Education Building
1001 N. 7th Ave. Suite 202
Phone: (208) 282-3182
Fax: (208) 282-4682

 

Department Name Here

Frequently Asked Questions

The following are answers to frequently asked questions.

What are internal controls?

Internal controls are nothing more than policies or procedures put in place to safeguard an asset, provide reliable financial information, promote efficient and effective operations and ensure policy compliance. Generally there are three types of control:

Who is responsible for internal controls?

While everyone at the University plays a part in the internal control system, ultimately University administration is responsible for ensuring that adequate controls are in place. They, in turn, delegate part of this responsibility to each operational area, whether it is administrative or academic. Essentially, every employee has some responsibility for making sure that the internal control system functions properly. Therefore, all faculty and staff need to be aware of the concept and purpose of internal controls. If you are a departmental supervisor you must ask yourself, "How do I know that things are okay? Do I assume that all is well until a crisis happens, or do I review processes and procedures on a regular basis to make sure I know what is going on?" While good internal controls will not prevent or solve all your problems, they provide an early warning system to help prevent surprises.

What does Internal Audit do?

Internal Audit conducts many types audits and reviews and also provides consultative services.

Why are we being audited?

Internal Audit schedules audits based on an annual risk assessment and audit plan. In addition, other audits are scheduled due to requests from the ISU president, vice presidents, State Board of Education Audit Committee or external regulatory agencies.

What can I expect during an audit?

Please see the following link: steps of an audit

What will the auditors need from me?

The main items needed from you for a successful audit are cooperation and communication with Internal Audit. The following are specific examples of what you can do to help the audit process:

Additional questions?

Please contact Internal Audit: contact information