1.0 Reason for Policy

Audit Services was established by the Board of Governors to provide independent, objective assurance and consulting services designed to add value and improve University operations. The purpose of this Policy is to recognize the Audit Services Charter as the governing document for the University of Manitoba Audit Services. The Charter outlines the purpose, authority, and responsibility of Audit Services.


2.0 Policy Statement

2.1 Definitions

2.1.1 “University” means the University of Manitoba.

2.1.2 “Board of Governors” means the Board of Governors of the University.

2.1.3 “Charter” means the Audit Services Charter approved by the Board of Governors through the Audit and Risk Management Committee.

2.1.4 “Audit Services” means the office of Audit Services at the University.

2.1.5 “Audit and Risk Management Committee” means the Standing Committee of the Board of Governors.

2.2 Audit Services Charter

2.2.1 The Audit Services Charter is the governing document of Audit Services.

2.2.2 Audit Services adheres to the International Standards for the Professional Practice of Internal Auditing (“IPPF”) and the Code of Ethics of the Institute of Internal Auditors (“IIA”). The IPPF requires that the purpose, authority and responsibility of an internal audit activity be outlined in an internal audit charter; and that the charter should be consistent with the IPPF, the Code of Ethics and “Definition of Internal Auditing”, as defined by the IIA.

2.2.3 The Audit and Risk Management Committee shall recommend the Charter to the Board of Governors for approval. The Charter shall be available on the Audit Services webpage. The Charter shall be reviewed, updated and presented on an annual basis to University senior management and the Board of Governors through the Audit and Risk Management Committee for approval.

3.0 Accountability

3.1 The University Secretary is responsible for advising the President that a formal review of the Policy is required.

3.2 The Director of Audit Services is responsible for the communication, administration and interpretation of this Policy.

4.0 Secondary Documents

4.1 The Vice-President (Administration) or the President may approve Procedures which are secondary to and comply with this Policy.


5.0 Review

5.1 Formal Policy reviews will be conducted every ten (10) years. The next scheduled review date for this Policy is November 20, 2022.

5.2 In the interim, this Policy may be revised or rescinded if:

(a) The Approving Body deems necessary; or

(b) The Audit and Risk Management Committee Terms of Reference is revised or rescinded.

5.3 If this Policy is revised or rescinded, all Secondary Documents, including the Audit Services Charter, will be reviewed as soon as reasonably possible in order to ensure that they:

(a) Comply with the revised Policy; or

(b) Are in turn rescinded.

6.0 Effect on Previous Statements

6.1 This Policy supersedes:

(a) All previous Board/Senate policies and resolutions on the subject matter herein;

(b) All previous Administrative Policies and directives on the subject matter contained herein; and

(c) Audit Services Policy and Procedures, effective June 20, 2006.

7.0 Cross References

Audit and Risk Management Committee Terms of Reference
Audit Services Charter