Internal Audit policy

UVic's Internal Audit department is governed by Policy GV0220 - Policy on Internal Audit. The purpose of the policy is to define the activity charter for the department.

The policy states that our scope of work includes determining whether the university’s network of risk management, control, and governance processes, as designed and represented by management, is adequate and functioning in a manner to ensure:

• risks are appropriately identified and managed / mitigated
• interaction with the various governance groups occurs as needed
• financial, managerial, and operating data is accurate, reliable, and timely
• employees’, officers', and contractors' actions are in compliance with policies, contracts, standards, procedures, and applicable laws and regulations
• resources are acquired economically, used efficiently, and adequately protected
• operations are being carried out effectively and efficiently
• programs, plans, and objectives are achieved
• quality and continuous improvement are fostered in the university's activities
• legislative or regulatory issues and changes impacting the university are recognized and addressed properly
• established processes and systems enable compliance with the policies, procedures, laws, and regulations that could significantly impact UVic
• information and means used to identify, measure, analyze, classify, and report such information are reliable and have integrity

More details about the mission and scope of the Internal Audit department’s activities can be found in the January 31, 2022 University Policy No: GV0220 document.