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Why does Cornell have an internal audit function?

audit Cornell function Internal
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Why does Cornell have an internal audit function?

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The University Audit Office exists by charter and by-law to assist University management and the Audit Committee of the Board of Trustees in effectively fulfilling their responsibilities. We are charged with examining and evaluating the policies, procedures, and systems which are in place to ensure: the reliability and integrity of information; compliance with policies, plans, laws, and regulations; the safeguarding of assets; and, the economical and efficient use of resources. In simpler words, we’re here to help.

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