The Institute of Internal Auditors (IIA) defines internal audit as "an independent, objective assurance and consulting activity designed to add value and improve an organization's operations." The IIA further states that "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 Office of the University Auditor strives to provide objective and independent reviews of University departments, organizations and processes. At the same time, we are part of the University community and work with other employees to fashion reasonable solutions and corrections to business problems that arise. Our long-term goal is to help assure the efficiency and success of Old Dominion University.
An increasing part of our role is to assist the University in its efforts to become and remain compliant with a wide assortment of federal and state laws, regulations and standards. As such, the Office is working closely with others around the University in daily compliance efforts.
To Whom Does The University Auditor Report?
The University Auditor and the staff are all employees of ODU. The University Auditor reports to the President of the University and to the Board of Visitors. We have a strong working relationship with the Chief Operating Officer, Vice President for Administration and Finance and, outside of the University, with the Office of Inspector General.
Board of Visitors and University Policies On Internal Audit