UKIA prides itself on its Quality Assurance Initiatives and Program. Our department strives to provide the best possible service to the University by staying atop of industry and professional standards through continuous professional education, continuous process improvement and recommended assessments.
According to IIA Standard 1310, our activities should adopt a process to monitor and assess the overall effectiveness of the Quality Program. The process should include both internal and external assessments, with the external assessment recommended every 5 years. The purpose is to provide reasonable assurance of professional standard conformity to those that rely on our work.
The last one was performed in 2014 by the firm HonKamp, Krueger & Co, P.C., in which we received the highest possible rating in every category. According to the official Quality Assessment Report, UKIA "demonstrated a commitment to quality, successful leadership practices, and maintaining an internal auditor’s mindset for professionalism," and added that UKIA "has developed and implemented an internal audit methodology, a set of policy & procedures, and built a team of experienced auditors based upon the principles promulgated by The IIA. This assessment further provides evidence to the board, management, and other key stakeholders that the internal audit activity adds value through improving the organization's operations, contributing to the attainment of objectives, and ensuring a strong internal controls structure."