ACUA - Association of College and University Auditors

Registration for the last webinar of the year is now open! Register now for an informative webinar covering changing or emerging compliance topics relating to the Cybersecurity Maturity Model Certification, Uniform Guidance, Title IX and Related Parties Disclosures. Our diamond strategic partner Baker Tilly will be providing an overview of recent changes as well as potential audit objectives and approaches. https://lnkd.in/dyxdchE4

Don’t forget to register for tomorrow's webinar on AI & Analytics, which will be presented by Nicole Barnes from Workiva. Visit the link to register now! https://lnkd.in/dGKehNCF

CPE reporting is almost here! Take advantage of this opportunity for a free CPE. Nicole Barnes from Workiva will be presenting on AI & Analytics. Learn how to enhance talent retention with AI by automating routine tasks and allowing auditors to engage in more meaningful work. Visit the link to learn more and register. https://lnkd.in/dGKehNCF

The answer is: B. Internal audit evaluates the effectiveness of controls in mitigating identified risks The role of internal audit in evaluating the effectiveness of controls in mitigating risks is fundamental to the organization’s risk management framework. Internal auditors: - Identify key risks facing the organization. - Assess whether appropriate internal controls are in place to mitigate those risks. - Test those controls to ensure they are functioning as intended. - Report their findings and make recommendations to improve the control environment. By doing so, internal audit helps the organization to reduce its exposure to risks and improve its overall governance, compliance, and performance.

It's time for #ACUAtriviatuesday ! Which of the following best describes the role of internal audit in assessing "control risk"? Do you know the right answer?

The answer is: C. To establish a foundation for other components of internal control The control environment sets the tone of an organization, influencing the control consciousness of its people. It is the basis of all other components of internal control (Risk Assessment, Control Activities, Information & Communication, and Monitoring Activities), providing discipline and structure. Factors in the control environment include integrity, ethical values, the operational style of administration, the delegation of authority systems, as well as the processes for managing and developing people in the organization.

It's time for #ACUAtriviatuesday ! In the context of internal auditing, what is the purpose of the "Control Environment" component of the COSO framework? Do you know the right answer?

New Kickstarter available on Assessing Voluntary University Climate Commitments! Check it out now under Audit Tools on the ACUA website. www.acua.org

Don't forget to register for tomorrow's ACUA webinar! Save a spot to earn CPE and learn about Adapting to NIST CSF 2.0: Navigating Changes and Challenges in Higher Education presented by Amanda Vellocido, CPA, CISA, Manager of Risk Advisory and Morgan Mincy, CPA, CISA, Manager of IT and Cyber Risk Consulting at Baker Tilly, on October 17, 2024. https://lnkd.in/ebn4xw-P

The answer is: C) International Professional Practices Framework (IPPF)