The overall goal of the Internal Audit department is to help make UW-Stout as efficient and productive as possible. To accomplish this, we evaluate the effectiveness of processes, internal controls, and systems, then identify opportunities for improvement. Internal Audit also works to assure campus-wide compliance with all related laws and regulations.
Internal Audit's specific objectives are:
1. To determine that:
- Information produced is reliable (Financial Statements/Reports)
- There is compliance with statutes and policies
- Assets are safeguarded
- Resources are used economically and efficiently
- Goals, Objectives & Standards of UW-Stout are being accomplished
2. To evaluate internal controls:
- Are they adequate
- Are they being followed
3. To conduct audits with honesty, objectivity and diligence.
*Internal Audit also serves as liaison for all external audits