Welcome to Drew University’s Office of Internal Audit
As part of our ongoing commitment to ensuring an environment of strong corporate governance, risk management, compliance and internal controls, Drew has retained the services of CohnReznick LLP (‘CohnReznick”) to serve as the University’s internal auditors. Among their first projects, they conducted a comprehensive enterprise-wide risk assessment. The objective of the review was to evaluate the inherent risk exposures relating to the University’s governance, operations, and information systems in relation to the:
The purpose of the risk assessments is to:
CohnReznick will examine many areas of potential risk and take into consideration both internal and external factors that could influence events affecting the University’s operations. Among these factors are:
Each year, with the advice and approval of the Trustees’ Audit Committee, CohnReznick identifies three to five University departments for participation in the yearly internal audit program.
The internal audit function assists the University administration and the Board Audit Committee with monitoring, evaluating, examining, reporting and recommending improvements related to risks, business processes, and internal controls.
The process will involve CohnReznick internal audit subject matter partners and senior managers along with University management and advisors.
What to expect when your department has been selected:
An audit is broken down into four parts:
For additional information, please contact Finance and Administration at 973-408-3064.