§ 25-65-9. Internal audit of directors and staff
Except as otherwise provided by subsection (2) of this section, each university, community/junior college and state agency shall, subject to specific appropriation of available funding, employ an agency internal audit director who shall be appointed by the university president or chancellor, the community/junior college president, elected official or executive director or his counterpart of a […]
§ 25-65-11. Qualifications of internal audit directors
The university, community/junior college or agency internal audit director shall possess the following qualifications: A bachelor’s degree from an accredited college or university and five (5) years of progressively responsible professional auditing experience as an internal auditor or independent postauditor, electronic data processing auditor or any combination thereof. The auditing experience shall at a minimum […]
§ 25-65-13. Duties of internal audit directors
The university, community/junior college or agency internal audit director shall: Report directly to the university president or chancellor, community/junior college president or agency head or deputy university official, community/junior college official or agency head. Conduct financial, compliance, electronic data processing and operational and efficiency audits of university, community/junior college or agency programs, activities and functions […]
§ 25-65-15. Auditing standards
Audits shall be conducted in accordance with the Standards for the Professional Practice of Internal Auditing published by The Institute of Internal Auditors, Inc., and, when required by law, regulation, agreement, contract or policy, in accordance with Government Auditing Standards issued by the Comptroller General of the United States. All audit reports issued by internal […]
§ 25-65-17. Audit reports confidential; production of reports; access to records
Audit reports shall be confidential but shall be provided on a quarterly basis to the governing board or commission of the university, the community/junior college or the state agency. State agencies without a governing board or commission shall have the quarterly report provided to the Governor and the State Auditor. When the university, community/junior college […]
§ 25-65-1. Short title
This chapter shall be known and may be cited as the “Mississippi Internal Audit Act.”
§ 25-65-3. Purpose and application
The purpose of this chapter is to establish a full-time program of internal auditing to assist in improving university, community/junior college and agency operations, to verify the existence of assets and to identify opportunities for cost savings and revenue enhancement. The university, community/junior college or agency internal audit director shall furnish independent analyses, appraisals and […]