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Risk and Internal Controls Services

53 South Main Street, Suite 212
Hanover, New Hampshire 03755
Hinman: HB 6012
Phone: 603 646-2441
Fax: 603-646-9199
Email: Risk.Management@dartmouth.edu

Audits & Reviews

Purpose of an Audit

The purpose of an audit includes gaining an understanding of each area's business operation, evaluating the adequacy of internal control structure from control activity, identifying risk exposure area and providing feedback for management.

The Audit Process

New Audit Process

Types of Internal Audits

Financial Audit: Financial audit involves a focus on financial reporting that can affect the institution's financial stability. These audits generally focus on accounting controls present in the general ledger systems.

Operational Audit: Operational audit focus on review and assessment of the internal process on the College's major functions: academic programs, auxiliary services, athletics, facilities and sponsored research.

Compliance Audit: Compliance audit review the level of compliance with internal policies, procedures and external applicable laws and regulations.

Technological Audit: This type of audit will review risks to computer applications and information technology infrastructure.

Strategic Audit: Strategic audit focus on long-term risks associated with the College's goals and objectives.

Last Updated: 9/1/10