Internal Audit & Enterprise Risk Management

Definition of Internal Auditing

Internal Auditing, as defined by the Institute of Internal Auditors, is an independent and objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.Internal Audit is designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

  • Effectiveness and efficiency of operations
  • Reliability of financial reporting
  • Compliance with applicable laws and regulations

Professional Standards

The Internal Audit profession is governed by the Institute of Internal Auditor’s Standards for the Professional Practice of Internal Auditing and Code of Ethics. Auditing, as defined by the Institute of Internal Auditors, is an independent and objective assurance and consulting activity designed to add value and improve an organization's operations. 

Resources

For further information regarding Internal Audit, please refer to the sites listed below:

Internship Opportunities

The RMU Internal Audit Department offers internship opportunities to current RMU Accounting Students who seek real world experience and to become actively involved in the auditing field prior to graduation. Internship lengths vary from summer programs to year-round programs, based on what opportunities are available within the department. Candidates that are chosen for any of these opportunities are exposed to different aspects of the accounting field such as; internal auditing, accounting concepts, enterprise risk management and active involvement with RMU's external auditors.

The RMU Internal Audit Department supports RMU's Core Values by providing internship opportunities which can positively affect a student's life and future career goals. RMU's Internal Audit Internship provides an engaged learning experience with professional focus at its forefront.

Enterprise Risk Management

Robert Morris University recognizes that Enterprise Risk Management (ERM) is part of good governance. As a result, Robert Morris University began implementation of an Enterprise Risk Management process in March, 2006. This initiative was Board driven and is supported by the Board of Trustees and senior leadership of the university. The Board of Trustees and senior leadership also participate in the continuous ERM process on a regular basis.

Enterprise Risk Management, as defined by COSO, is a process, affected by an entity’s board of trustees, management and other personnel, applied in a strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity initiatives.

The Robert Morris University Enterprise Risk Management process is administered by the Senior Director, Internal Audit. 

Contact Us

Dawn Maida, B.S., CPA, CRMA
Senior Director, Internal Audit
Financial Operations
maida@rmu.edu
412-397-5274 phone
412-397-2119 fax
Revere Center 2nd

Ashley Trusiak
Internal Audit Intern
Financial Operations
internalauditintern@rmu.edu
412-397-4099 phone
412-397-2119 fax
Revere Center 2nd