Internal auditing is an independent appraisal activity established within the university to examine and evaluate its activities to meet the needs of the Board of Regents and executive management. Internal audits may include financial, performance, operational and compliance audits. The mission of the internal audit department is to assist the Board and management in the effective discharge of their fiduciary and administrative responsibilities by providing analysis, appraisals, counsel, information and recommendations concerning activities reviewed and by promoting effective controls for the recording and reporting of operational activities and for the custody and safeguarding of assets.