internal audit department mission the mission of the internal audit department is to promote...
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Internal Audit Department
Mission The mission of the Internal Audit Department is to promote economy, efficiency, effectiveness and accountability through independent audits and reviews of University programs and operations.
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Who Is Internal Audit?
• UNM employees• Authorized by Regent Policy 7.2
https://policy.unm.edu/regents-policies/section-7/7-2.html
• Report to UNM Board of Regents’ Audit and Compliance Committee
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How We Got Here?
• Audits of cash handling.• What we found.• Bad results.
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Unsecured Money
• Could This Be Happening in Your Department?
– Money not properly secured– Would you leave cash laying around?
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Don’t Get Caught In This Situation
• Know how to properly handle cash so you don’t get caught in some of these embarrassing situation.
• Handling Checks• Reconciling Deposits
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Petty Cash Theft
• No Documented Transfer of Cash• Accept Cash For Research Projects
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Internal Audit Web Resources• Internal Audit Home Page
http://www.unm.edu/~iaudit/Includes:• Tips• Contact• Training Available• Audit Reports• Control Self Assessment
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Anonymous Hotline
• Check out our website.• Call to report suspected incidents of
fraud, misconduct, violations of law or UNM policies.
• Toll free hotline.1-888-899-6092