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|Size||3.0 feet of linear shelf space (approximately 2400 items)|
|Abstract||The Internal Audit Department aids University management by analyzing the operations, internal controls, and financial accounting of campus units and thereby determining whether resources are being used in accordance with state requirements and University policies. The position of Internal Auditor was established in 1961 in the University's Division of Business and Finance. Since 1994, the Internal Audit Department has reported directly to the Chancellor. Audit reports prepared by the University's Internal Audit Department, including reports of general and financial audits as well as audits of specialized functions such as inventory control, cash receipts, and trust fund accounting. These reports pertain to offices and departments of the University of North Carolina at Chapel Hill.|
|Creator||University of North Carolina at Chapel Hill Internal Audit Department|
The following terms from Library of Congress Subject Headings suggest topics, persons, geography, etc. interspersed through the entire collection; the terms do not usually represent discrete and easily identifiable portions of the collection--such as folders or items.
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The Internal Audit Department is described by the University's Business Manual as a service unit designed to aid University management by analyzing the operations, internal controls, and financial accounting of campus units. The Internal Audit Department seeks to assess whether a unit's financial and operational procedures insure that University resources are used in compliance with state requirements and University-wide policies. To that end, the Department conducts reviews of campus units according to a risk-based, long-range audit plan. In determining the occurrence, frequency, and scope of audits, the Department considers such factors as financial statistics, operational complexity, interaction with other campus units or external bodies, risk of error, and the potential impact of negative publicity. In addition, Internal Audit investigates allegations of misuse of property or funds and performs special projects for University managers on an as-needed basis.
In 1961 the North Carolina General Assembly approved the University's request to create the position of Internal Auditor. Initially the position was part of the University's Division of Business and Finance and reported to the Business Manager (whose title later changed to Vice Chancellor for Business and Finance). In 1994 Chancellor Paul Hardin, prompted by reports of procedural errors in Internal Audit, reorganized the Internal Audit Department and, effective September 1 of that year, made it report directly to the Chancellor.
Individuals who have held the position of Internal Auditor, and later Director of Internal Audit, are listed below along with their tenures.
|1961-1963||Thomas S. Brickhouse|
|1963-1969||William R. Inman|
|1970-1973||Thomas K. Norris|
|July-September 1981||Charles C. Antle, Acting|
|1981-1994||Edwin A. Capel, Jr.|
|September-December 1994||Bruce L. Thomas, Interim|
|January-September 1995||S. Grady Fullerton, Interim|
|September 1995-||Phyllis C. Petree|
During Inman's tenure, a Staff Auditor position was added. Thus, in 1970, when Norris was appointed, the title Internal Auditor was changed to Director of Internal Audit. By 1975 the Department of Internal Audit had reached its current staffing level of Director, Audit Assistant, and four Staff Auditors. Edwin Capel was Director at the time Chancellor Hardin reorganized the Department; in September 1994, following the reorganization, he requested and was granted reassignment within the University.Back to Top
The Internal Audit Department records currently held by the University Archives consist of audit reports issued by the Department from 1970 to 1987. The reports are arranged by the names of the units audited. Individual departments, with the exception of those in the College of Arts and Sciences, are listed under the names of the schools to which they belong. An inventory of these reports is provided below.
Titles listed in the finding aid are those given to the reports by the Internal Audit Department, with the exception of those listed as General Audit. The General Audit reports are untitled and usually state their scope as "an evaluation of internal controls, the [unit's] compliance with University policies and procedures, and such tests of the detailed financial records as we considered necessary in the circumstances." Internal Audit has assigned each report a number, which is included in the inventory. This number does not reflect the number of reports made for a given unit but rather the report's place in the entire series of Internal Audit reports. Reports with an "X" before the number are special investigations of specific problems or allegations.Back to Top
Processed by: University Archives Staff
Encoded by: ByteManagers Inc., 2008Back to Top