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Primary Purpose of the Organizational Unit:

The primary purpose of the Office of Internal Audit is to provide independent, objective assurance and consulting services designed to add value and improve the University’s operations. It helps the University accomplish its strategic objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, controls, and governance processes.

Primary Purpose of the Position:

The primary purpose of the Chief Audit Officer is to provide objective and relevant assurance and consulting services that contribute to the effectiveness and efficiency of governance, risk management, and control processes of the University. The position reports administratively to the Chancellor and functionally to the FSU Board of Trustees Audit Committee.

Duties & Responsibilities:

• Ensure the internal audit activity conforms to the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing (Standards).
• Ensure that the internal audit activity adheres to the IIA’s code of Ethics and Rules of Conduct that include integrity, objectivity, confidentiality, and competency.
• Promote and cultivate strategic relationships and collaboration with senior leaders, board members, and external constituents.
• Ensure the independence and objectivity of the internal audit activity and that the activity is carried out with proficiency and due professional care.
• In collaboration with the Chancellor and the Audit Committee, establish an internal audit charter that is compatible with the Audit Committee charter and consistent with the Standards.
• Establish written policies and procedures to guide the internal audit activity.
• Establish an annual risk-based audit plan to determine the priorities of the internal audit activity that is based on an effective and efficient risk assessment methodology that includes the input of senior leaders.
• Ensure the risk-based audit plan is communicated to senior leaders and approved by the Chancellor and the Audit Committee.
• Oversee the execution of the risk-based audit plan that includes operational, compliance, information technology, and investigative reviews as well as special projects, consultation, and committee representation.
• Monitor the University “hot line” and provide the Chancellor with a monthly report of issues reported and status of follow -up actions.
• Ensure resources of the internal audit activity are appropriate, sufficient, and effectively deployed to achieve the approved risk-based audit plan.
• Provide management advisory services as requested by senior leaders and management.
• Ensure the internal audit activity receives an external quality assurance assessment at least every five (5) years.
• Ensure the internal audit activity is quality-oriented by conducting ongoing and periodic internal quality assessments.
• Coordinate internal audit activities with other internal and external assurance providers to ensure adequate coverage of the University and to alleviate duplication of effort.
• Establish key performance indicators (KPIs) for the internal audit activity and report the results of the KPIs to senior leaders, the Chancellor, and the Audit Committee.
• Review and authorize the publication of audit reports including the recommendations for improvement.
• Ensure all reporting requirements of the UNC System and the Council of Internal Auditing have been met as it relates to internal audit.
• Provide support to the Audit Committee by coordinating and preparing meeting agendas and minutes.
• Keep abreast of emerging trends, technological advancements, and implement best practices regarding internal audit.
• Coordinate external audits with State and Federal agencies and follow-up on any recommendations.
• Promote continuous professional development of internal audit staff as applicable.
• Independently assess operations and make recommendations to improve efficiency, effectiveness, risk management, control processes, and compliance.

Bachelor’s degree in accounting or related discipline and at least five (5) years of progressive responsibility in the auditing field and one (1) of the following certifications: Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), or Certified Information Systems Auditor (CISA). Master’s degree is preferred.