Internal Audit Mandate

Internal Audit Services is committed to helping the University achieve its goals, and the Audit Committee of the Board of Governors in carrying out its governance role.

Internal Audit has the authority to audit and review any activity of the University, and has full, free and unrestricted access to all University records, properties and personnel relevant to the subjects under consideration.

Our responsibilities include:

• Providing reasonable assurance to the Audit Committee regarding the achievement of objectives in regard to the University's strategic priorities and all statutes and regulations imposed on the University by various levels of government. This includes reasonable assurance regarding compliance with the By-laws, policies and other requirements established by the Board of Governors or any Board Committee, as well as with policies for the management and operation of the University.

• Going beyond accounting and financial records in order to obtain a full understanding of the nature, risks and controls of the processes and operations under review.

• Assisting managers in the effective discharge of their duties by providing analyses, appraisals, recommendations and information pertaining to the activities reviewed.