School internal audit program

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Advertise With Us. Partner Programs. However, internal auditing departments can provide great value to the district and its leaders. Internal auditing offers school boards and administrators an independent and unbiased source of information and feedback that can assist the district leaders in identifying and addressing some of the most important operational and compliance concerns that may be preventing the district from achieving its goals.

The diversity of the areas that internal auditors study gives these individuals a broad perspective on the district, making the auditor a valuable resource. The work performed by the auditor helps the school board, administrator, staff, and other district personnel accomplish goals while strengthening the processes and procedures of the district.

An internal auditor determines the efficiency and effectiveness of the district, while ensuring compliance, evaluating the internal operations of the district, and investigates issues related to theft, fraud, or other indiscretions. In addition to investigating fraud, auditors may also receive whistleblower complaints and address issues of ethics within the district. The audit report provided feedback to improve the checks and balances for areas that were more susceptible to accidental or deliberate abuse.

Utilizing the internal auditing function for their district allowed school administrators to address issues and make improvements to processes that could have been taken advantage of.

Internal auditors are independent of the activities they audit. While the auditor is an integral part of the district and provides monitoring and assessment of these activities, they do not actually take part in any work of the district other than providing evaluation and feedback regarding the operations.

Internal auditors typically report directly to the Finance or Risk Management Committee to avoid any internal bias or complications. These individuals must stick to a code of ethics and professional standards, often established by a professional association or state regulations.

The focus of the audit is to improve the district and its operations. Once the findings from the audit have been passed on to the appropriate channels, then a plan of corrective action can be developed to either strengthen procedures or address other issues that have been identified in the audit. The auditor may follow up to see that findings from the prior audit have been sufficiently addressed.

Some states have regulations or policies regarding internal auditing for school districts. For example, the state of New York has passed legislation to strengthen auditing and other oversights by school district officials and school boards.

Some of the requirements are that school districts must establish an internal audit function, create an audit committee, and the school board must have direct involvement and a response to any issues that are brought up in an audit. Find out the application due date and informational dates here. Students can apply to the program in any semester. We encourage students to apply as early as possible to take advantage of as many networking opportunities, trips, and scholarships as they can.

The IAPSA serves to create opportunities for our student members to participate in networking events, community service, and social events where they can get to know each other. These events aim to enrich both the experience of our students and their knowledge of the profession outside of the required coursework.

There are also opportunities for students to develop leadership skills by serving as an officer or on a committee of the IAPSA. Our program partners with many prestigious organizations who provide our program faculty and students access to internal audit leaders from their organization.

Meet our advisory board here!