The Norfolk State University Internal Audit Department functions as an independent appraisal activity within the organization to provide a protective and constructive service to management and the Board of Visitors in discharging their duties and responsibilities. This objective is achieved by providing them with objective analyses, appraisals, recommendations, and pertinent comments, concerning activities reviewed. 

The attainment of this overall objective involves such activities as:

		Reviewing and appraising the soundness, adequacy, and applications of accounting, financial,
		and other operating controls, and promoting effective control at a reasonable cost (the system of internal control).
		Ascertaining the extent of compliance by the University and its employees to established policies,
		plans, and procedures.
		Ascertaining the extent to which assets are accounted for and safeguarded from losses of
		all kinds. (Discovery and prevention of fraud, embezzlement, theft, waste, etc.)
		Ascertaining the reliability of financial data developed within the organization.
		Recommending operating improvements.

The Internal Audit  Charter has been prepared to serve as a guide in the performance of internal audit duties. It defines the purpose, authority, and responsibility of the internal audit function. It does not include, nor is it intended to include, all of the department's responsibilities as they may exist from time to time.

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The Internal Audit Department shall be notified in all cases where assets have or are thought to have been lost through defalcation or other security breaches in the financial and operating systems. A form has been provided to facilitate the reporting of suspected improprieties to the Internal Audit Department.

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