THE OFFICE OF INTERNAL AUDIT

The mission of the Office of Internal Audit is to support the college, its departments, and personnel in the effective achievement of objectives.

Internal Audit activities provide independent, objective assurance and consulting services that are designed to add value and improve OTC’s operations.

These activities assist the college in accomplishing its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

INTERNAL AUDIT CHARTER

ETHICS HOTLINE

FAQs

CLIENT EVALUATION SURVEY

EXTERNAL LINKS

AUDITING FOCUS

The Office of Internal Audit is responsible for assessing the following:

  • Focus on the concept of continual process improvement or total quality management and the incorporation of current and emerging best practices. Promotion of control self-assessment methodologies and principles typical to a learning organization.
  • Evaluation of administrative and financial processes for determining the adequacy and effectiveness of internal controls and risk management. Advice and guidance would address existing, as well as new policies, procedures and systems.
  • Assessment of the integrity of data and the extent to which assets are accounted for and safeguarded.
  • Determination of the level of compliance with college policies and procedures, state and federal laws and government regulations.
  • Examination of the economy and efficiency of organizational areas in the accomplishment of their missions, so as to identify operational opportunities to leverage resources in order to achieve cost savings/revenue optimization.

If an individual identifies a suspected compliance issue or other concern, we encourage them to make a report to his or her supervisor or an appropriate college official. However, if an individual is uncomfortable discussing the concern with a college official, the college has made a hotline available. Individuals may make reports to the hotline anonymously by using the online report submission tool. Every hotline report is immediately sent to the Office of Internal Audit for review.

AUDITING FOCUS

The Office of Internal Audit is responsible for assessing the following:

  • Focus on the concept of continual process improvement or total quality management and the incorporation of current and emerging best practices. Promotion of control self-assessment methodologies and principles typical to a learning organization.
  • Evaluation of administrative and financial processes for determining the adequacy and effectiveness of internal controls and risk management. Advice and guidance would address existing, as well as new policies, procedures and systems.
  • Assessment of the integrity of data and the extent to which assets are accounted for and safeguarded.
  • Determination of the level of compliance with college policies and procedures, state and federal laws and government regulations.
  • Examination of the economy and efficiency of organizational areas in the accomplishment of their missions, so as to identify operational opportunities to leverage resources in order to achieve cost savings/revenue optimization.

If an individual identifies a suspected compliance issue or other concern, we encourage them to make a report to his or her supervisor or an appropriate college official. However, if an individual is uncomfortable discussing the concern with a college official, the college has made a hotline available. Individuals may make reports to the hotline anonymously by using the online report submission tool. Every hotline report is immediately sent to the Office of Internal Audit for review.