The Executive Committee of the Board of Trustees “approved the establishment of an Internal Audit function,” such department to become operative on October 1, 1978. The Directive issued set out the following:

“The Internal Auditor and staff will have full, free, and unrestricted access to all of Meharry’s records, properties, and personnel and may make contact with any level of management concerned with carrying out an audit or investigation. The extent and frequency of internal audits will depend on varying circumstances and there are no set rules as to the number of times any activity may be audited.”

The Internal Audit Department will be staff and advisory to the President and the Board of Trustee of Meharry Medical College. Its primary mission is to measure and evaluate the effectiveness of the controls throughout the College, and it will be concerned with any area wherein service can be provided to Management. It can not be expected to develop or install procedures nor do routine accounting tasks; rather, it will objectively appraise existing systems and furnish Management, and the external auditors, with information as to whether operations are being conducted properly. In this way it will also be of great assistance in the annual external audit. It includes evaluations of various audit areas as to:

1. Economy and efficiency

2. Effectiveness

3. Financial accuracy

4. Legal compliance
   

© 2007 Meharry Medical College
1005 Dr. D.B. Todd, Jr. Blvd.
Nashville, TN 37208
(615) 327-6000