Controls »

What is Internal Control?

Internal control is a process, effected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

  • Effectiveness and efficiency of operations
  • Reliability of financial and management reporting
  • Compliance with applicable laws and regulations¬†
Are Internal Auditors Responsible for Internal Controls?

Management is responsible for maintaining an adequate system of internal control. Internal auditors independently evaluate the adequacy of the existing internal control systems by analyzing and testing controls. The Texas A&M University System Internal Audit Department makes recommendations, based on their review, to management to improve controls.

How are Reviewed Areas Selected?

An annual audit plan is developed based on significance and risk. Input is actively solicited from The Texas A&M University System members to incorporate into the risk analysis plan. This plan is reviewed and approved by the Board of Regents. In addition, special projects are undertaken upon request by the Administration or the Board of Regents.