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Office of Audit, Risk, and Compliance

About Internal Auditing

On this page:

Mission

Under the umbrella of the Office of Audit, Risk, and Compliance, we conduct objective appraisal activities 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 a reasonable cost.

Office Charter

Our University Role

Internal auditing was established by the Board of Trustees, and its responsibilities are defined by the finance, audit, and infrastructure committee of the board. The assistant vice president and chief audit, risk, and compliance officer reports to the president. The assistant vice president and chief audit, risk, and compliance officer also meets privately with the finance, audit, and infrastructure committee of the Board of Trustees at least twice a year. In addition, the chief auditor may meet with the committee on other occasions, as deemed necessary, to fulfill the office's responsibilities to the university.

Authority

The assistant vice president and chief audit, risk, and compliance officer 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 restricted by law. Documents and information given to the internal auditors during a specific review will be handled in a confidential manner.

Internal auditing has no authority or direct responsibility for the activities they review or audit. Those activities remain the responsibility of management.

Internal Audit Scope

The scope of the 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 the 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.
  • Ensure the effectiveness and efficiency of operations.

Reporting

A written report will be prepared and issued by the assistant vice president and chief audit, risk, and compliance officer following the conclusion of each audit. The distribution of that report will be limited as appropriate.

Executive summaries of audit reports will be forwarded semi-annually to members of the finance, audit, and infrastructure committee of the Board of Trustees. At the discretion of the assistant vice president and chief audit, risk, and compliance officer, complete audit reports may be forwarded to the finance, audit, and infrastructure committee.

Staff

C. Peter Cheng, CPA, CISA, MBA

Department:
Univ Audit and Consulting Services
Title:
Chief Audit, Risk and Compliance Officer
Address:
University Hall 356, 3640 Colonel Glenn Hwy, Dayton, OH 45435-0001

Beth Axthelm, M.B.A.

Department:
Univ Audit and Consulting Services
Title:
Internal Auditor
Address:
University Hall 354, 3640 Colonel Glenn Hwy, Dayton, OH 45435-0001