What is the difference between Internal Audit and Institutional Compliance at UT Arlington?
UT System Policy UTS 129, Internal Audit Activities, http://www.utsystem.edu/policy/policies/uts129.html (excerpt below) clarifies the roles of Institutional Compliance and Internal Audit in managing institutional risks. Internal Audit’s Relationship to the Institutional Compliance Function (Exhibit E) Internal Audit is an independent function of the governance process of the University of Texas System. It provides periodic assurance to the Board of Regents and executive management on the component institution’s ability to achieve its objectives. Compliance is part of the control structure of the organization, whereas internal auditing evaluates the control structure – a key difference between the two functions. Internal Audit may provide consulting and assurance services to the Compliance function. Consulting services may include: providing information and best practices in the design of the Compliance function; providing advice and information in the design of monitoring plans; provi
