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1.05 / Internal Audit Charter

Internal auditing 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.


The Kansas Board of Regents Internal Audit Function Policy specifies that each state university shall have an internal audit function. At Wichita State University, the internal audit function is led by the Director of Internal Audit. The Director of Internal Audit reports directly to the University President on all audit matters and reports administratively to the Vice President and General Counsel. The Internal Audit Function Policy of the Board further specifies that internal auditors shall:


It is the responsibility of Internal Audit to provide assurance1 and consulting2 services in a manner that is consistent with the International Standards for the Professional Practice of Internal Auditing and Code of Ethics promulgated by the Institute of Internal Auditors. 

Internal Audit will assist the University in maintaining effective controls by evaluating their effectiveness and efficiency and by promoting continuous improvement. Areas of audit emphasis include:


1 The Institute of Internal Auditors defines “assurance services” as an objective examination of evidence for the purpose of providing an independent assessment of governance, risk management and control processes for an organization. The nature and scope of assurance services are determined by the internal auditor. Examples include audits of financial, compliance and information technology systems.

2 The Institute of Internal Auditors defines “consulting services” as advisory and related client service activities that are intended to add value and improve an organization’s governance, risk management and control processes without the internal auditor assuming management responsibility. The nature and scope of consulting services are subject to agreement between the internal auditor and the client (the services are generally performed at the specific request of a client). Examples include counsel, facilitation, process evaluation and training.

Revision Date:
December 1, 2006
November 1, 2007
June 1, 2010
December 7, 2012

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