Mission Statement
The mission of the Office of Internal Audits (“OIA”) is to provide independent, objective assurance and consulting services designed to add value and improve the operations of Duke University, Duke University Health System and DUMAC, LLC, collectively “Duke”. OIA helps Duke accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, compliance and governance processes.
The scope of work of OIA is to determine whether Duke’s network of risk management, control, and governance processes, as designed and represented by management, is adequate and functioning in a manner to ensure:
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Risks are appropriately identified and managed.
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Interaction with the various governance groups occurs as needed.
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Significant financial, managerial, and operating information is accurate, reliable, and timely.
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Employee’s actions are in compliance with policies, standards, procedures, and applicable laws and regulations.
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Resources are acquired economically, used efficiently, and adequately protected.
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Programs, plans, and objectives are achieved.
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Quality and continuous improvement are fostered in Duke’s control process.
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Significant legislative or regulatory issues impacting Duke are recognized and addressed properly.
Opportunities for improving management control, profitability, organization operations and Duke’s image may be identified during audits or consulting engagements. They will be communicated to the appropriate level of management.