INDEX  

Charter

Goals and Objectives

Why Me? (FAQs)

Common Audit Findings 

Preparing for an Audit 

Reporting Fraud,

Waste, or Abuse

Student Internships 

Other Useful Sites

Staff

Online Risk Survey

Customer Survey 

Audit Plan FY2009

IA Power Point Presentation  NEW!

Internal Audit Home 

  

Longwood University 
Internal Audit 
201 High Street 
Farmville, VA  23909 
Phone: (434)395-2283 
Fax: (434)395-2229 

This web site is provided to familiarize the Longwood University community with the Internal Audit Department.

What is internal auditing?

"Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operation" - The Institute of Internal Auditors, June, 1999.

What about Longwood University Internal Audit?

We are an independent assurance activity serving Longwood University. Our ongoing reviews, based on a comprehensive audit plan, provide management with an evaluation of operating and financial systems and their related internal controls. This plan addresses not only financial systems, but also systems in non-financial areas established to ensure compliance with rules of external agencies and organizations.  Internal Audit is responsible for assessing the various functions and control systems of Longwood University, and for advising management concerning their condition.  The fulfillment of this accountability includes, but is not limited to:

• Reviewing the application and effectiveness of administrative and financial controls, and reliability of the data that is developed within the University. 
• Evaluating the sufficiency of, and the adherence to, University plans, policies, and procedures, and compliance with applicable laws and regulations.
• Ascertaining the adequacy of controls for safeguarding Longwood assets, deterring fraud, waste, and abuse, and when appropriate, verifying the existence of assets.

• Performing special reviews requested by the Board of Visitors and management.

• Coordinating audit planning and scheduling activities with the Auditor of Public Accounts, Joint Legislative Audit and Review Commission, and other external audit or review organizations.

• We are also responsible for investigating possible fraud, waste, or abuse situations found in audits or referred by third parties.

Internal Audit staff are trained professionals with business degrees in accounting.  We participate in a variety of continuing education programs directed toward current issues in Higher Education and Internal Auditing. Our goal is to provide you with skilled professional support that will enable you to more effectively fulfill the mission of your department.

We hope you find our web site helpful, and welcome your comments and suggestions. Feel free to call or email us with questions or concerns you have regarding the material we present on this site.