The objective of internal auditing is to assist members of the College in the effective discharge of their responsibilities. Internal auditing furnishes Management with analyses, appraisals, recommendations, counsel, and information concerning the activities reviewed. The audit objective includes promoting effective control at reasonable cost.

The scope of internal auditing encompasses the examination and evaluation of the adequacy and effectiveness of the College’s system of internal control and the quality of performance in carrying out assigned responsibilities. The scope of internal auditing includes:

• Reviewing the reliability and integrity of financial and operating information and the means used to identify, measure, classify, and report such information.

• Reviewing the systems established to ensure compliance with those policies, plans, procedures, laws, and regulations which could have a significant impact on operations and reports and determining whether the College is in compliance.

• Reviewing the means of safeguarding assets and, as appropriate, verifying the existence of such assets.

• Appraising the economy and efficiency with which resources are employed.

• Reviewing operations or programs to ascertain whether results are consistent with established objectives and goals and whether the operations or programs are being carried out as planned.

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