Audit Services

Our audits are designed to facilitate positive change and provide independent and objective assurance that strengthens governance, risk management, internal controls, compliance, and operational effectiveness across the university. Audits are conducted in accordance with the Global Internal Audit Standards.

Audits are selected through a risk-based planning process that considers institutional priorities, regulatory requirements, stakeholder input, and emerging risks.

Below you will find an outline of the audit process:

1. Initial Coordination and Planning

The Office of Internal Audit may initiate informal coordination with management to discuss a potential audit engagement and begin preliminary planning and information gathering. During this phase, information about the area under review is collected and analyzed to support the development of audit objectives and scope.

2. Entrance Conference

An entrance conference is scheduled to discuss the audit process, confirm the audit objectives and scope, and obtain management input.

3. Engagement Notification

Following the entrance conference, an engagement letter is issued to formally communicate the audit objectives, scope, and timing of the engagement.

4. Fieldwork and Ongoing Communication

Audit procedures are performed, and observations, including potential findings and recommendations, are discussed with management and staff throughout the engagement.

5. Draft Report and Exit Conference

A preliminary draft audit report is issued, followed by an exit conference to review the results and obtain management’s responses and action plans.

6. Final Audit Report

After management provides a written response to the recommendations, a final audit report is issued.

Final audit reports are distributed to the FIU Board of Trustees Audit and Compliance Committee, the university president, provost, deans and/or area vice president, and responsible administrators.

7. Follow-Up Process

The Office of Internal Audit monitors management action plans through a follow-up process until implementation is validated or otherwise resolved.

Final audit reports and related records are maintained and disclosed in accordance with applicable laws, regulations, and university policies.