History
Southern Oregon University separated from the Oregon University System under the authority of the State Board of Education on July 1, 2014. As a result, SOU established its own governing board and internal audit function.
Purpose
Internal auditing strengthens the organization’s ability to create, protect, and sustain value by providing the board and management with independent, risk-based, and objective assurance, advice, insight, and foresight.
Internal auditing enhances the organization’s:
• Successful achievement of its objectives.
• Governance, risk management, and control processes.
• Decision-making and oversight.
• Reputation and credibility with its stakeholders.
• Ability to serve the public interest.
Internal auditing is most effective when:
• It is performed by competent professionals in conformance with the Global Internal Audit Standards.
• The internal audit function is independently positioned with direct accountability to the board.
• Internal auditors are free from undue influence and committed to making objective assessments.
Organizational Structure
Internal Audit reports functionally to the Board of Trustees and administratively to the President.