The mission of the Internal Audit Office is to provide independent, objective assurance and advisory services designed to add value and assist all levels of administration in achieving University objectives by striving to provide a positive impact on the efficiency and effectiveness of the operations. The Internal Audit Office helps the University accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Internal Audit staff are responsible for conducting themselves so that their good faith and integrity should not be open to question. The profession of auditing is founded on the trust placed in its objective assurance about risk management, control, and governance. The Internal Audit Office staff has adopted the Code of Ethics issued by the Institute of Internal Auditors. Staff shall realize that individual judgment is required in the application of these standards.
Institute of Internal Auditors' Code of Ethics
(adopted by the Internal Audit Office)
Internal auditors are expected to apply and uphold the following principles:
The integrity of internal auditors establishes trust and thus provides the basis for reliance on their judgment.
Internal auditors exhibit the highest level of professional objectivity in gathering, evaluating, and communicating information about the activity or process being examined. Internal auditors make a balanced assessment of all the relevant circumstances and are not unduly influenced by their own interests or by others in forming judgments.
Internal auditors respect the value and ownership of information they receive and do not disclose information without appropriate authority unless there is a legal or professional obligation to do so.
Internal auditors apply the knowledge, skills, and experience needed in the performance of internal auditing services.
- 1.1 Shall perform their work with honesty, diligence, and responsibility.
- 1.2 Shall observe the law and make disclosures expected by the law and the profession.
- 1.3 Shall not knowingly be a party to any illegal activity, or engage in acts that are discreditable to the profession of internal auditing or to the organization.
- 1.4 Shall respect and contribute to the legitimate and ethical objectives of the organization.
- 2.1 Shall not participate in any activity or relationship that may impair or be presumed to impair their unbiased assessment. This participation includes those activities or relationships that may be in conflict with the interests of the organization.
- 2.2 Shall not accept anything that may impair or be presumed to impair their professional judgment.
- 2.3 Shall disclose all material facts known to them that, if not disclosed, may distort the reporting of activities under review.
- 3.1 Shall be prudent in the use and protection of information acquired in the course of their duties.
- 3.2 Shall not use information for any personal gain or in any manner that would be contrary to the law or detrimental to the legitimate and ethical objectives of the organization.
- 4.1 Shall engage only in those services for which they have the necessary knowledge, skills, and experience.
- 4.2 Shall perform internal auditing services in accordance with the International Standards for the Professional Practice of Internal Auditing.
- 4.3 Shall continually improve their proficiency and the effectiveness and quality of their services.
In accordance with the Bylaws of the Trustees, the Treasurer of the Corporation maintains the Internal Audit Office independently of any other office of the Corporation or of the University. The Director of Audits (Director) submits to the Board annually a written report on the work of the Internal Audit Office for the preceding calendar year.
The Internal Audit Office has the authority to audit all parts of the University and is granted full and complete access to any records (in any form), physical properties, and personnel relevant to a review. In performing their work, the Director and other internal auditors have neither direct authority over, nor responsibility for, any of the activities reviewed.
In accordance with the Bylaws of the Trustees, the Audit and Insurance Committee, through the Treasurer and the Director of Audits, has established procedures for the receipt, retention and treatment of complaints received by the University regarding accounting, internal controls and auditing matters, and has implemented a system to enable University employees and others to submit information on such matters in a confidential, anonymous manner.
The responsibility for protecting University assets is shared by everyone. It is your responsibility to report suspected theft, negligence, misappropriations or carelessness to your Supervisor, Internal Audit, or Campus Police. Be alert and recognize control weaknesses that could result in a loss to the University. It is always better to prevent a loss than to recover one.
Purdue University Internal Audit Office
Freehafer Hall of Administrative Services
401 S. Grant Street
West Lafayette, IN 47907-2024
Phone: (765) 494-7588
Fax: (765) 496-1814