The Office of the Internal Audit is an independent unit within the Division of Legal, Audit, Risk and Compliance (LARC). 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. The Office assists the University in accomplishing its strategic objectives.
Primary Purpose of the Position:
The purpose of the position is to oversee and manage the internal audit functions of Fayetteville State University. The Director of Internal Audit reports administratively to the General Counsel and Vice Chancellor of Legal, Audit, Risk and Compliance (General Counsel and Vice Chancellor) on a daily operational basis and functionally to the Board of Trustees LARC Committee.
Developing and Implementing Audit Plan
Develop an audit plan utilizing a risk-based methodology and l be responsible for implementing the approved audit plan, including as appropriate, any special tasks or projects requested by the General Counsel and Vice Chancellor, the Chancellor, the Board of Trustees, or the State Auditor.
Monitoring and Auditing Operations
Monitor the University’s internal controls that safeguard public funds and assets and minimizes incidences of fraud, waste, and abuse; evaluate programs and business operations to ensure they are administered in compliance with federal and state laws, regulations, and other requirements; review the effectiveness and efficiency of University operations and periodically audit the University’s major systems and controls to include accounting systems and controls, information technology and security controls, and administrative systems and controls. Also supervise or conduct investigations within the University to rule out any suspected fraudulent activities. Conduct follow-up audit, as needed, to evaluate whether recommendations and risks have been sufficiently addressed.
Reporting and Coordinating
Provide formal written audit reports that communicate the objective, scope, observations, issues, risks, and conclusions of internal audit activities and investigations to the General Counsel and Vice Chancellor, the Chancellor and the Legal, Audit, Risk and Compliance Committee of the Board of Trustees, as well as provide emerging trends and practices within the field of internal auditing. Develop meaningful recommendations for process improvements to improve the adequacy, effectiveness, and efficiency of controls and operations.
Coordinate all external audits of the University and will analyze the scope of work of external auditors and regulators, as appropriate, to provide optimal audit coverage to the University.
Assist with creating and delivering accurate and informative training presentations to campus audiences as required. Respond promptly and accurately to requests for assistance from campus clients.
Monitor the University “hot line” and provide the General Counsel and Vice Chancellor with a monthly report of issues reported and status of follow -up actions.
Perform other duties as assigned by the General Counsel and Vice Chancellor, Chancellor of Chair of the LARC Committee of the Board of Trustees.
Bachelor’s degree in accounting or related discipline from an accredited institution.
5 years of progressive responsibility in Internal Audit or related professional field.
Fayetteville State University (FSU) is a public historically black university in Fayetteville, North Carolina. It is part of the University of North Carolina System and the Thurgood Marshall College Fund.