3a. What are internal audits for?
They provide independent reassurance to the governing body that the university is managing its risks effectively and efficiently. Most large organisations use internal audits to gain similar reassurance, and HEFCE requires universities to have internal audit arrangements. Internal audit reports inform the university’s annual assurances to HEFCE.
While audits primarily provide reassurance, Uniac auditors work across several institutions and have significant experience. Where we can, we will provide useful advice and suggestions within our audit reports.
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