Internal Audit

Our Purpose

We are often asked two very important questions, Why is what we do important? and How do we bring value to the Tribe?
Quite simply, for the Tribe to continue to grow and prosper, the Tribal Government has to be fiscally strong. A strong Internal Control Structure is the backbone to any successful organization. A strong Internal Control Structure results in reduced risk of errors, irregularities, and fraudulent transactions going undetected, resulting in a more efficient and cost effective operation. To achieve this end, we assist the Tribe and its entities by bringing a systematic and disciplined approach to evaluating and improving effectiveness of the risk management, control and governance processes.

Guidelines to Perform Audits

   The International Standards for the Professional Practice of Internal Auditing published by the Institute of Internal Auditors

•   Code of Ethics as set forth by the Institute of Internal Auditors

Frequently Asked Questions

WHY WAS I SELECTED TO BE AUDITED?

The Chief Audit Executive prepares an audit plan each year which is reviewed and approved by the Audit & Ethics Committee. The plan is primarily developed based on the assessment of various risk factors, the results and length of time of previous audits, and management input. Some areas are audited every year. Additionally, throughout the year unscheduled audits may be undertaken as necessary.

HOW CAN I PREPARE FOR AN AUDIT?

The best way to prepare for an audit is to be familiar with all Tribal policies and procedures applicable to your area. The audit notification letter may request information regarding the program’s operations; this information should be provided in a timely manner. Files and records should be organized and readily accessible to the auditors. The auditors may also interview select employees so it is important that you make your staff aware of the audit and encourage open and honest communication.

WHAT CAN I EXPECT DURING AN AUDIT?

There are several steps in performing an audit (see the Audit Process). The auditor will schedule an entrance meeting to define the audit scope and objectives with program management. Fieldwork will be performed at the program’s location(s) and all documentation and interview requests will be made through program management. The auditor’s understand the business needs of the program and will do everything possible not to interfere with or hinder the program’s day to day operations.

Office

738 Acquoni Road
PO Box 455
Cherokee, NC 28719

Phone

828-359-7030 (Office)
828-359-0410 (Fax)