Norfolk State University Internal Audit Charter
Internal Audit Charter ~ pdf
Internal Auditing as defined by the Institute of Internal Auditors, is an independent objective assurance and
consulting activity designed to add value and improve an organization’s operations. It helps an organization
accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
This 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.
- Provides a written record of formally approved policies of the Internal Audit Department.
- Provides a basis for the evaluation of the performance of the Internal Audit Department by the management
of Norfolk State University and the Audit and Finance Committee of the Board of Visitors; and
- Serves as a basic document in the organization and administration of the Internal Audit Department.