Pursuant to Title 70, Oklahoma Statutes Supp. 1996, Section 3909D., there shall be a Department of Internal Audits which shall be solely responsible to the Board in the manner the Board prescribes. The headquarters of internal auditing operations shall be located on the OSU-Stillwater campus. Programs or scope of work to be conducted by internal auditors shall be prescribed and approved by the Board. All internal audit reports shall be submitted at the same time to the Board and to the president of the institution involved. Institutional administrators shall provide written responses to all internal audit reports, copies of which shall be presented to the Board in the manner it prescribes. Such responses shall be submitted to the Board over the signature of each of the respective presidents or a member of the president's management team.

There shall be a Director of Internal Audits who shall be employed by the Board upon the recommendation of the Executive Secretary. The Director of Internal Audits is responsible to the Executive Secretary on behalf of the Board for the satisfactory performance of his/her office and all internal auditing personnel. The placement of internal auditing personnel shall be proposed by the Director of Internal Audits and approved by the Executive Secretary to accomplish the program of internal audits as prescribed and approved by the Board. The employment of all internal auditing personnel shall be upon the recommendation of the Executive Secretary, as is the case for all other personnel directly serving the Board.

The annual budget for the Department of Internal Audits and the internal auditing operations by the Board shall be administered by the Executive Secretary as is the current practice for other budgetary operations of the Board. All institutional administrators are to fully cooperate with the Executive Secretary and the Board's internal auditing staff, and all records, documents and other information relevant to the fiscal and business management of all budget agencies under the jurisdiction of this Board shall be available to said agents of this Board.

Approved October 9, 1987
Revised June 20, 1997