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Louisiana Tech University

Internal Audit

Types of Audits

Operational - Sometimes called program or performance audits, these are the most common audits. Operating procedures, flow of paperwork, and internal controls are thoroughly reviewed.

Financial - This type of audit is done to express an opinion on the accuracy of the data contained in financial statements prior to official publication. Although the Office of Internal Audit does a few of this type of audit, the University's external auditors are responsible for conducting the majority of the required financial audits with the Office of Internal Audit available to assist.

Compliance - Various governmental programs and the NCAA have very specific rules and regulations with which organizations must comply. Audits in these areas are generally restricted to verification of such compliance.

Information Systems (IS) - This audit is a technical review of a computing function and would include data center operations, access security, major application systems, end - user computing, etc.

Investigative - These audits are done to investigate incidents of possible fraud or misappropriation of University assets. We work closely with Senior Management, the Comptroller's Office and the University Police Department as necessary to resolve the issue.

"It is not only for what we do that we are held responsible, but also for what we do not do." - Moliere

"Character is doing the right thing when nobody's looking. There are too many people who think that the only thing that's right is to get by, and the only thing that's wrong is to get caught." - J.C. Watts