Standards, Governance, and Audit Plan
International Professional Practices Framework (IPPF) – Red Book
The OIA conforms with the mandatory guidance set forth in the IPPF. The IPPF is the conceptual framework that organizes authoritative guidance promulgated by the Institute of Internal Auditors, a global, guidance-setting body for internal audit professionals worldwide. In addition to the definition of internal auditing, core principles, and code of ethics, the IPPF mandatory guidance contains the International Standards for the Professional Practice of Internal Auditing which guide OIA’s activities.
International Standards for the Professional Practice of Internal Auditing require external assessments at least once every five years by a qualified, independent assessor or assessment team from outside the organization. A team from the Association of Local Government Auditors completed an external assessment for the period July 1, 2018 to June 30, 2019. The team’s external assessment concluded OIA’s internal quality control system was suitably designed and operating effectively to provide reasonable assurance of conformance with International Standards for the Professional Practice of Internal Auditing.
Governance and Authority
As part of its oversight responsibilities the Board of Education established the OIA. OIA’s purpose, authority, and responsibility are defined in the Office of Internal Audit Charter. The Chief Audit Executive periodically reviews and amends the charter as warranted. The Audit and Accountability Committee and ultimately the Board of Education approve the charter through formal actions at public meetings. Additionally, the OIA developed and follows an Operating Procedures Manual to conduct department activities.
Using a risk based approach, OIA develops an audit plan which identifies OIA’s planned activities for the coming year. OIA conducts risk assessment activities and develops audit plans annually which coincide with the fiscal year. The Audit and Accountability Committee and ultimately the Board of Education approve the audit plan through formal actions at public meetings.