Mission Statement and Definition of Internal Auditing

Mission Statement

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps the University of North Carolina at Chapel Hill accomplish its mission, goal, and objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

The underlying premise of our work is that the University, as a leader in the dynamic environment of higher education, must function at the highest level possible. Internal Audit supports this objective by providing independent, proactive analyses of governance, operations, financial activities, and systems of internal control. The purpose of these analyses is to evaluate whether resources are used in a way that appropriately manages risk and is in keeping with State requirements and the University’s mission, goals, and objectives.

Definition of Internal Auditing

The Institute of Internal Auditors defines internal auditing as:
“…an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.”