Welcome
This site will acquaint you with the purpose
and functions of the Internal Audit Department at Western Michigan
University. It is also a source of information
for contractors and subcontractors on Western Michigan University
construction and remodeling projects regarding reporting requirements
for prevailing wage rate compliance.
Purpose
The purpose of the Internal Audit Department
is to assist the Board
of Trustees, management, staff and faculty in
safeguarding
University assets and achieving institutional goals by delivering
the highest quality service.
Services
The Internal Audit
Department identifies and assesses risk within the University
environment
through independent auditing and advising. This can be
accomplished by providing services such as analyses,
appraisals and assessments; confirmations; counsel
and critiques; examinations
and evaluations; investigations;
research; and validations.
Audit Schedule
An audit schedule for the upcoming year is prepared at
the end of the fiscal year and approved by the University
president. This schedule includes University departments
or programs on a routine, rotating basis, as well as departments
or programs which require special attention in response
to concerns or questions. Audits are occasionally initiated
during the year which are not part of the yearly schedule.
The prevailing wage rate audit, which is performed in accordance with
University construction/remodeling contract
specifications, is an ongoing, multi-year audit.
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