The Secretariat has administrative responsibility for the Internal Audit Program, and acts as liaison between management and the internal auditors, Deloitte LLP.
Internal audit provides independent review and testing with respect to Risk management and control at the University within the scope of their engagement. This is achieved through conducting reviews approved by the Audit & Risk Committee of the Board of Governors. Internal audit reports its observations and recommendations to the University Secretary and Audit & Risk Committee in order for the University to maintain its goals and objectives. It then continues to monitor the University's responses to and implementation of its recommendations.
Please see the being audited document for more information about what occurs during internal aduits.
Goals
- To ensure that the University of Waterloo follows best practices in business procedure and compliance;
- To enable the achievement of the strategic planning initiatives of the University of Waterloo.