Internal Audit assists campus departments in identifying risks associated with their operations and helps them determine if adequate controls are in place to minimize their risks. This assessment is a comprehensive evaluation that includes a half a day brain storming session with departmental personnel designed to:
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Identify all departmental processes.
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Identify any possible risks that are associated with the processes.
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Identify any controls the department currently has in place.
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Evaluate controls to ensure all identified risks are adequately minimized.