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Internal Audit Charter
Internal Auditing is an independent, objective assurance and consulting activity established within the district, designed to examine and evaluate its activities, add value and improve an organization’s operations. It helps an organization accomplish its goals and objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. All internal audit endeavors are to be conducted in compliance with district objectives and policies as well as the Code of Ethics and the Standards for the Professional Practice of Internal Auditing which are promulgated by the Institute of Internal auditing.
Internal auditing is dedicated to assisting district management in the effective discharge of their responsibilities. To this end, it furnishes them with analyses, appraisals, recommendations, counsel and information concerning the activities reviewed. The audit objective includes promoting effective control at a reasonable cost.
Internal auditing functions under policies established by the Superintendent and the Board of Trustees. The Internal Auditor reports administratively to the Superintendent and functionally to the Board of Trustees and meets periodically with the Audit Committee of the Board. These reporting relationships ensure departmental independence, promote comprehensive audit coverage and assure adequate consideration of audit recommendations.
Internal auditing is a staff function with no authority over the people and activities being audited. The performance of these reviews does not relieve other administrators of their management control responsibilities. Internal auditors shall not develop and install procedures, prepare accounting records or engage in any activity which it would normally review and appraise, or otherwise compromise its objectivity and independence. This independence from operating responsibilities allows uncompromising objectivity.
Authorization is granted for full and complete access to any CISD records (manual or electronic), physical properties and personnel relevant to a review. Documents and information given to internal auditors during a periodic review will be handled in the same prudent manner as by those employees normally accountable for them.
Internal auditing encompasses the examination and evaluation of the adequacy and effectiveness of the district’s system of internal controls and the quality of performance in carrying out assigned responsibilities. The scope of the internal audit function includes, but is not limited to, the review of management responsibilities for:
- Due care in protecting the district’s physical and information assets;
- Assurance that information is reliable and relevant;
- Assurance that policies, procedures, laws and regulations are being followed;
- Assurance that goals and program objectives are being met; and
- Assurance that resources are being used efficiently and economically.