| PRIORITY OBJECTIVES | TARGET 08-09 | CURRENT OR 07-08 | DIVISIONAL STRATEGIES | SBE GOAL |
| Align Internal Audit & Advisory Services' assurance (audit) activities to support the State Board of
Education in achieving its goals. |
100% |
New |
- Seek executive management's input to determine the major risks, vulnerabilities,
and uncertainties that could prevent the agency from meeting the
State Board of Education's goals and objectives.
- Survey agency leadership to gain additional insight into potential risks.
- Using an objective, systematic, and disciplined approach, determine agency risks
and develop an internal audit plan that focuses Internal Audit's
assurance activities on the greatest risks facing the agency.
- Keep abreast of the dynamic education environment and update the risk assessment
and audit plan as needed.
|
5.3 |
| Provide independent, objective, reasonable assurance to management that its risk
management system is effective, its system of internal control is adequate
and its governance policy is effective. |
80% completion of audit plan |
New |
- Perform evaluations according to the internal audit plan following the International Standards for the Professional Practice of Internal Auditing.
|
5.3 |
| Develop a quality assurance and improvement program for Internal Audit & Advisory Services. |
100% |
New |
- Incorporate ongoing internal assessments into Internal Audit's routine policies
and procedures.
- Obtain feedback from audit customers and other stakeholders.
- Conduct an Internal Audit self-assessment annually in part to support an external
peer review to be conducted every five years.
|
5.3 |
| CORE ACTIVITIES | SBE GOAL |
| 1 |
Promote an effective system of internal controls of accounting, administrative,
and other information systems that safeguards public funds and assets
and minimizes incidences of fraud, waste, and abuse. |
5.1 |
| 2 |
Provide reasonable assurance to management that operations are well-managed,
efficient, and within the bounds of applicable laws, regulations, and
policies. |
5.3 |
| 3 |
Help the agency reach its goals by helping management improve controls, business
processes, and agency risk management. |
5.3 |
| 4 |
Serve a critical role as part of the corporate governance structure by ensuring
the agency achieves its objectives in an ethical, legal, and well-governed
manner. |
5.3 |
| 5 |
Manage the agency's fraud hotline. |
5.3 |
| 6 |
Complete planned audits based on a risk assessment. |
5.3 |
| 7 |
Provide technical assistance to management and responds to special requests. |
5.3 |
| 8 |
Perform administrative activities required for a start-up internal audit function,
e.g., develop policies and procedures, keeping in mind the requirements
of the Council of Internal Auditing and the Institute of Internal Auditors;
develop and standardize work papers; build institutional knowledge of
the agency; manage relationships and promote the value of internal auditing
to management. |
5.3 |
