Welcome to KPU’s Internal Audit Division

The Institute of Internal Auditors (IIA) defines Internal Auditing as:

An independent, objective assurance and consulting activity designed to add value and improve an organization's operations.  The internal audit activity helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

Internal Audit exists to provide valuable advice and recommendations to the employees and management of KPU.

Image

Assurance services involve the internal auditor's objective assessment of evidence to provide an independent opinion or conclusions regarding a process, system or other subject matter.  The nature and scope of the assurance engagement are determined by the internal auditor.  There are generally three parties involved in assurance services: (1) the person or group directly involved with the process, system or other subject matter - the process owner, (2) the person or group making the assessment - the internal auditor, and (3) the person or group using the assessment - the user. 

Image

Consulting services are advisory in nature and are generally performed at the specific request of an engagement client.  The nature and scope of the advisory engagement are subject to agreement with the engagement client.  Advisory services generally involve two parties: (1) the person or group offering the advice - the internal auditor, and (2) the person or group seeking and receiving the advice - the engagement client.  When performing advisory services the internal auditor should maintain objectivity and not assume management responsibility. 

The Internal Audit Process consists of four key phases:

Image