Annual Audit Planning and Risk Assessment
The SIU Internal Audit Plan is developed in accordance with the Global Internal Auditing Standards and the requirements of the Fiscal Control and Internal Auditing Act (FCIAA). Each year, the Office conducts a comprehensive risk assessment, considering input from university and campus leadership, the Board of Trustees, and insights from peer institutions. This assessment is also informed by the monitoring of emerging risks, high-profile events, and trends affecting higher education. Based on this assessment, a proposed audit plan is submitted to the University President for review and then presented to the Board of Trustees Audit Committee for approval. The annual audit plan is flexible and may be adjusted throughout the year to accommodate unexpected events, emerging risks, changes in resource availability, and Board priorities.
