Types of Audits

 

IAAS is authorized to undertake a broad, comprehensive audit program as outlined in the annual audit plan approved by the Audit Committee of the Board of Trustees and the president. The following types of audits and reviews are conducted:

  • Financial
  • Investigative
  • Operational
  • Performance


Based upon an ongoing, college-wide risk assessment program as documented in the internal audit plan, several audits are conducted annually.  The objective is to accomplish a continuous cycle of audits of the major College functions within a 48-month time frame. IAAS also conducts audits, reviews and follow-ups necessitated by recommendations of the external auditors.  The schedule remains flexible to allow for unscheduled audits and reviews if special or emergency situations arise.

 

Additionally, IAAS continuously monitors several key indices of college-wide activity and performance and provides appropriate responses, notifications and follow-up.