Role
The Chief Internal Auditor reports to the Audit Committee of the Board of Regents. The Audit Committee recommends for approval by the Board the hiring, removal, and evaluation of the Chief Internal Auditor who shall report to the Board through the Committee. At least once per year, the Audit Committee of the Board of Regents will review the performance of the Chief Internal Auditor and review the letter of employment outlining the details of employment.
Internal Audit Staff report directly to the Chief Internal Auditor. Internal Audit activities and audit reports are communicated by the Chief Internal Auditor to the Board of Regents and all other applicable reporting entities including the State of Texas. This reporting relationship promotes independence and provides adequate consideration of audit issues, recommendations, and management action plans.
The Chief Internal Auditor will also coordinate the audit efforts with the System’s public accountants and other external auditors, as well as conduct independent reviews of specific issues, accounts, or incidents where applicable.