Philadelphia University + Thomas Jefferson University

Mission

The mission of Internal Audit is to contribute to the ongoing effectiveness of Thomas Jefferson University in its missions of education, research and patient care. Internal Audit contributes to the University missions by providing Senior Management and the Board of Trustees with an independent appraisal of the internal controls of the University. Internal Control is a broadly defined process, effected by people, designed to provide reasonable assurance regarding achievement of the following three objectives: (1) Effectiveness and efficiency of operations; (2) Reliability of financial data and reports; and (3) Compliance with laws and regulations.

Internal Audit's objectives in accomplishing its mission will include the following:

  • Determine the accuracy and propriety of financial transactions
  • Evaluate policies, procedures and systems to ensure reliability and integrity of information.
  • Evaluate financial and operational procedures for adequacy of internal controls and provide advice and guidance on control aspects of new policies, systems, processes and procedures.
  • Verify the existence of University assets and ensure that proper safeguards are maintained to protect them from loss.
  • Determine the level of compliance with University policies and procedures.
  • Evaluate the accuracy, effectiveness and efficiency of the University's electronic information and processing systems.
  • Evaluate the effectiveness of system development projects and identify internal control procedures which should be incorporated into the design of the system.
  • Determine the effectiveness and efficiency of organizations in accomplishing their mission and identify operational opportunities for cost savings and revenue enhancements.
  • Provide assistance when needed to the University Counsel to ensure compliance with federal, state and local laws and regulations.
  • Coordinate external audits of the University and ensure that such audits are performed as required by external regulations and in accordance with generally accepted auditing standards and/or Government Audit Standards.
  • Coordinate investigations of fiscal misconduct with Security, Human Resources and University Counsel.