Internal Audit is an independent appraisal activity within the Medical University of South Carolina (the University), the Medical University Hospital Authority (the Authority), and their affiliated organizations and related parties for the review of operations for the Board of Trustees and as a service to management. It is a managerial control that functions by measuring and evaluating the effectiveness of other controls.
Our goal is to assist the Board of Trustees, the institution and management in assessing and improving MUSC programs, services, and operations by conducting routine, special request, compliance, and investigative reviews and projects.
INTERNAL AUDITING defined:
- An independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.
- Helps the organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
- Reviews the reliability and integrity of information, compliance with policies and regulations, the safeguarding of assets, the economical and efficient use of resources, and established operational goals and objectives.
- Internal audits encompass financial activities and operations.