Our Mission

Internal auditing is an objective appraisal activity established within Wright State University to measure and evaluate the effectiveness of internal controls and the efficiency of operations. The mission of internal auditing is directly related to the University’s commitment to continuous quality improvement. The objective is to assist management in the effective discharge of their responsibilities by providing them with analyses, appraisals and recommendations concerning the activities reviewed and by promoting effective control at reasonable cost.

Welcome from the Director

My staff and I would like to welcome you to our Web site. I am glad that you are interested in learning about our services.

Please take some time to read about our mission, our people, and the audit process. In addition, please take some time to learn about the nationally award winning Student Audit Program. This program is a collaborative effort with the Department of Accountancy of the Raj Soin College of Business that began in 1995. Over 170 undergraduate and graduate students have enrolled in this class to obtain real work experience in the internal audit field.

We hope that you will find this web site informative and constructive. If you have any suggestion for improvement to this site, please feel free to contact me at (937) 775-3512.

Again, thank you for visiting our site.

C. Peter Cheng, MBA, CPA, CISA
Director

Office Charter

Our University Role

The Wright State University Office of Internal Controls and Audit Services is established by the Board of Trustees, and its responsibilities are defined by the Finance and Audit Committee of the Board. The Director of the Office of Internal Controls and Audit Services (Director) will report administratively to the Senior Vice President of Business and Fiscal Affairs and has unrestricted access to the President of the University. The Director shall also meet privately with the Finance and Audit Committee (Committee) of the Board of Trustees at least twice a year. In addition, the Director may meet with the Committee on other occasions, as deemed necessary, to fulfill the Office's responsibilities to the University.

Authority

The Director is authorized to direct comprehensive internal auditing within Wright State University. Authorization is granted for complete access to all files and related information, either manual or electronic, personnel relevant to a review, and physical access to areas of operations (except as may be restricted by law). Documents and information given to the Internal Auditors during a specific review will be handled in a confidential manner.

The Office of Internal Controls and Audit Services has no authority or direct responsibility over the activities they review or audit. Those activities remain the responsibility of management.

Internal Audit Scope

The scope of internal audit includes the examination and analysis of the adequacy and effectiveness of the University's system of internal control. It is designed to provide reasonable (not absolute) assurance regarding achievement of objectives in the following areas:

• The reliability and integrity of financial information and the means used to identify, measure, classify, and report such information.
• Compliance with applicable policies, procedures, laws and regulations.
• The adequate safeguarding of assets.
• Effectiveness and efficiency of operations.

Reporting

A written report will be prepared and issued by the Director of the Office of Internal Controls and Audit Services following the conclusion of each audit. Distribution of that report will be limited as appropriate.

Executive summaries of audit reports will be forwarded semi-annually to members of the Finance and Audit Committee of the Board of Trustees. At the discretion of the Director, complete audit reports may be forwarded to the Finance and Audit Committee.