Compliance audits are performed to determine the degree to which an entity adheres to laws, regulations, policies, and procedures of the university, the state of South Carolina, the Federal government, and other agencies such as the NCAA. These audits may involve contractual agreements entered into by the university.
Financial audits address accounting and reporting issues involving financial transactions. The audit purpose is that the verification of financial activity has been accurately reflected in various financial reports.
Automated operational systems are reviewed and analyzed to determine:
These audits are initiated as a result of inquiries, reports, or any other communication to the Office of Internal Audit regarding fraud, waste, or abuse of University assets. They usually take precedence over the audit schedule.
The purpose of operational audits is to review the use of resources available to the university to determine if the executive staff’s objectives and goals are being met in the most effective and efficient manner. Some aspects of the university which will be reviewed include organizational structure and staffing.