1. Internal Risk Assessment
The Internal Audit risk assessment is a process that identifies hazards that could negatively impact the organization's ability to conduct business.
Touro College and University System divides its entities in Banner via charts. Using the Banner structure, the Internal Audit Department performs various assessments, such as, Financial, Compliance, Fraud, Information Technology, and Information Security.
Example Audit Plan
|Auditable Entities||Potential Audit Areas||Project Type||Risk Level||Budgeted Hours|
|Entity 3||Human Resources||Compliance||Medium||440|
|Entity 4||Payroll||IT Audit||Critical||440|
|Entity 5||Vendor Management||Limited Scope Audit||High||220|
|Total Estimated Required Hours|
|Total Estimated Required Hours for Special Projects||150|
|Total Estimated Available Hours (.56 FTE)||1030|
2. Internal Audit and Consultative Engagements
The Internal Audit Department is committed to providing the highest level of professional audit services to Touro. Professional audit services act as resources to management and meeting professional standards.
|Internal Audit and Consultative Engagement Timeline|
|4 weeks||3 weeks||2 weeks|
Refer to TouroOne, in the Employee Tab under the Internal Audit Subsection for the detailed Internal Audit Policy and Procedures document.