Integrity * Objectivity * Confidentiality * Competence
Internal audit serves the Board of Governors and administrators of the University of North Carolina as an independent, objective assurance and consulting activity designed to add value and improve UNC General Administration’s operations. Internal audit assists management in accomplishing the organizations objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, internal control, and governance processes.
Internal audit executes its mission by annually conducting a series of planned audits and reviews as well as assisting management with advisory and investigative requests.
Internal auditors strive to apply and uphold the following principles:
The integrity of internal auditors establishes trust and thus provides the basis for reliance on their judgment. Internal auditors...
- Perform their work with honesty, diligence, and responsibility.
- Observe the law and make disclosures expected by the law and the profession of internal auditing.
- Will not knowingly be a party to any illegal activity, or engage in acts that are discreditable to the profession of internal auditing or to the organization.
- Respect and contribute to the legitimate and ethical objectives of the organization.
Internal auditors exhibit the highest level of professional objectivity in gathering, evaluating, and communicating information about the activity or process being examined. Internal auditors make a balanced assessment of all the relevant circumstances and are not unduly influenced by their own interests or by others in forming judgments. Internal auditors...
- Will not participate in any activity or relationship that may impair or be presumed to impair their unbiased assessment. This participation includes those activities or relationships that may be in conflict with the interests of the organization.
- Will not accept anything that may impair or be presumed to impair their professional judgment.
- Will disclose all material facts known to them that, if not disclosed, may distort the reporting of activities under review.
Internal auditors respect the value and ownership of information they receive and do not disclose information without appropriate authority unless there is a legal or professional obligation to do so. Internal auditors...
- Will be prudent in the use and protection of information acquired in the course of their duties.
- Will not use information for any personal gain or in any manner that would be contrary to the law or detrimental to the legitimate and ethical objectives of the organization.
Internal auditors apply the knowledge, skills, and experience needed in the performance of internal auditing services. Internal auditors...
- Will engage only in those services for which they have the necessary knowledge, skills, and experience.
- Will perform internal auditing services in accordance with the International Standards for the Professional Practice of Internal Auditing.
- Will continually improve their proficiency and the effectiveness and quality of their services.