The function of the Office of Internal Audit (OIA) most directly aligns itself with the University's mission by contributing to the fulfillment of the goals and objectives articulated under the financial responsibility theme within the University's 2010-2015 Strategic Plan.
The mission of the OIA is to provide independent, objective assurance and consulting services designed to add value and improve the operations of the University. The OIA brings a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Through internal reviews and audits, the OIA aims to help ensure that internal controls exist and are functioning properly at the University of Scranton. These controls help ensure that (1) University resources and interests are safeguarded, (2) University policies and external laws and regulations are complied with, and (3) University operations are efficient and management practices are sound.
The OIA works with the University's external auditing firm. Annually, the OIA performs external audit assignments related to the University's mandatory financial, OMB Circular A-133, and retirement plans audits.