- PUBLIC INFORMATION
- Academic Regulations
- Information for students and applicants
- Information compliance
- Regulatory compliance and assurance
- University policies
- Legal Services
internal and external audits
Our university’s Audit Committee considers and advises the Board of Governors on the provision of external and internal audits. The Audit Committee monitors the reports, performance and effectiveness of the internal and external auditors.
Our university’s internal audit function provides the Board of Governors and senior management with independent assurance on the adequacy and effectiveness of risk management, control and governance, and value for money arrangements as well as informing the Board’s review of the effectiveness of the systems of internal control. It covers all the activities of our university's operations, resources, staff, services and responsibilities through an annual programme of work that is agreed between the Audit Committee, our university’s Executive team and the internal auditors. The internal auditors submit regular reports on the internal audits they have undertaken to the Audit Committee, together with recommendations for any areas identified as requiring improvement.
The appointment of internal auditors is the responsibility of the Board of Governors on the recommendation of the Audit Committee. Our university’s internal audit service is currently provided by KPMG LLP, which operates to standards defined in the OfS Audit Code of Practice (Annex C).
The Regulatory Compliance & Assurance team manage the day-to-day relationship with the internal auditors and oversee the planning, delivery and reporting of the internal audit work.
As outlined in our university’s Financial Regulations the primary role of external audit is to report on the university’s financial statements and to carry out such examination of the statements and underlying records and control systems as are necessary to reach their opinion on the statements and to report on the appropriate use of funds. Their duties will be in accordance with advice set out in the sector’s Audit Code of Practice and the Auditing Practices Board’s statements of auditing standards.
The appointment of external auditors is the responsibility of the Board of Governors on the recommendation of the Audit Committee.
Our university’s external audit service is currently provided by BDO LLP.