Office of Internal Audit
OSBM serves as staff and support to the Council of Internal Auditing in its implementation of the NC Internal Audit Act (Article 79, Chapter 143 of the NC General Statutes). The 2007 session of the General Assembly created this act, the passage of which was recommended by a study directed by the Government Performance Audit Committee.
The act requires a state agency that (1) has an annual operating budget that exceeds ($10,000,000), (2) has more than 100 full-time equivalent employees, or (3) receives and processes more than $10,000,000 in cash in a fiscal year, shall establish a program of internal auditing, and that internal audits comply with current Standards for the Professional Practice of Internal Auditing issued by the Institute for Internal Auditors. The act establishes qualifications of Internal Auditors, directs that agencies appoint a Director of Internal Auditing, and establishes the Council of Internal Auditing.
To support the Council, OSBM has established an Office of Internal Audit to assist in the carrying out its responsibilities. The Office of Internal Audit structure is shown below.
Professional Development Opportunities
If you have ideas or particular interests, please forward them to the Office of Internal Audit.
- Training Opportunities:
The Institute of Internal Auditors is offering the following elearning events:
Oct. 14–17, Enterprise Risk Management: An Introduction (fee)
Oct. 15–24, Lean Six Sigma Tools for Internal Audit Fieldwork (fee)
Oct. 20–Nov. 14, CIA Learning System Comprehensive Instructor-led Course — Part 3 (fee)
Oct. 21–30, Using Excel to Extract, Analyze, and Report on Audit Samples - Microsoft Excel Audit Training (fee)
Oct. 28–Nov. 6, Operational Auditing: Influencing Positive Change (fee)
Nov. 3–12, Audit Report Writing (fee)
Nov. 4–7, Statistical Sampling for Internal Auditors (fee)
Nov. 10 and 12, Fraud and Abuse: What Is It To You? (fee)
Nov. 11–18, Risk Assessments: Enhancing Internal Audit's Value Proposition (fee)
Nov. 17 and 19, The Affordable Care Act: Internal Audit's Role (fee)
Nov. 17–20, Assessing Risk: Ensuring Internal Audit’s Value (fee)
- Oct. 14–17, Enterprise Risk Management: An Introduction (fee)
- Training Opportunities:
The Institute of Internal Auditors is offering the following free webinars for IIA members:
- Training Opportunities:
Association of Certified Fraud Examiners, Central Carolina will host the following event:
Effective Report Writing for Fraud Examiners
Monday, November 3rd, 2014, 7:15 am to 4:25 pm, North Raleigh Hilton
- Effective Report Writing for Fraud Examiners
Interagency Internal Audit Program
The Interagency Internal Audit Program provides technical expertise to internal audit functions and assists state agencies with internal audit activities whose budgets are between $10 and $70 million. The Program helps agencies develop and implement audit plans to add value and improve a state agency’s operations.
Quality Assurance Review Program
The Office of Internal Audit has developed a Peer Review Program to help state agencies and universities comply with The Institute of Internal Auditors (IIA) Standards for the Professional Practice of Internal Auditing (Standards) and the Internal Auditing Act (G.S. 143-745). In order to comply with the Standards, internal auditing offices are required to have an external assessment at least once every five years. The Act requires the Office of Internal Audit to establish an independent peer review system for state agency and university internal audit activities. The purpose of an external review is to evaluate and express an opinion on an Internal Audit function’s compliance with the Standards. The Peer Review Program will enable state agencies and universities to obtain their external assessment in a method that is cost-effective and educational. Information on the peer review process, procedures, and templates is available on the QAR Assessment Map page. Contact the Office of Internal Audit with questions on the Peer Review Program.
Award of Excellence Program
The Council of Internal Auditing has established the North Carolina Internal Audit Award of Excellence. The purpose of this award is to acknowledge and express appreciation for outstanding accomplishments made by an individual internal auditor or an internal audit function within North Carolina State government. The accomplishments need not fall entirely within the scope of normal auditing duties, but shall be in the nature of a major contribution reflecting credit on the person and internal auditing service provided to the State of North Carolina. Complete guidelines and procedures can be found in the Award of Excellence Program Guidelines. Contact the Office of Internal Audit with questions on the Award of Excellence Program.
OIA Quarterly Newsletter
- Audit Tools and Reference Materials
- Institute of Internal Auditors (IIA)
- IIA Raleigh-Durham Chapter
- NC Office of the State Controller
- Association of Government Accountants
- Association of Certified Internal Auditors
- Association of Certified Fraud Examiners
- Information Systems Audit and Control Association
- Association of Local Government Auditors
- Graduate School USDA