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OSBM serves as staff and support to the Council of Internal Auditing in its implementation of the NC Internal Audit Act (Article 79, Chapter 143 of the NC General Statutes). The 2007 session of the General Assembly created this act, the passage of which was recommended by a study directed by the Government Performance Audit Committee.

The act requires a state agency that (1) has an annual operating budget that exceeds ($10,000,000), (2) has more than 100 full-time equivalent employees, or (3) receives and processes more than $10,000,000 in cash in a fiscal year, shall establish a program of internal auditing, and that internal audits comply with current Standards for the Professional Practice of Internal Auditing issued by the Institute for Internal Auditors. The act establishes qualifications of Internal Auditors, directs that agencies appoint a Director of Internal Auditing, and establishes the Council of Internal Auditing.

To support the Council, OSBM has established an Office of Internal Audit to assist in the carrying out its responsibilities. The Office of Internal Audit structure is shown below.

Professional Development Opportunities
A needs assessment will be completed this winter to understand agency training needs. If you have ideas or particular interests, please forward them to the Office of Internal Audit.

• Training Opportunity: NC OSBM Office of Internal Audits will host the following:
  • (QAR) Quality Assurance Review workshop
    • Monday, May 14, 1012, 8am to 4:30 pm, State Controller's Office, 3514 Bush Street, Raleigh
  • Training Opportunity: The NC Triangle Chapter of the Association of Government Accountants is offering:
    
    • Spring 2012 Professional Development Conference
      
      • Tuesday, May 15th, 2012, 8:00 am to 4:30pm, Marbles Museum, Downtown Raleigh, NC
        Agenda here. See website for additional details.
      Go to http://www.ncaga.org to register.
  • Training Opportunity: NC OSBM Office of Internal Audits will host the following:
    • Performance Measurement in Government workshop
      • Thursday, May 17, 1012, 8:30am to 4pm, NC Museum of History, Raleigh

    Interagency Internal Audit Program
    The Interagency Internal Audit Program provides technical expertise to internal audit functions and assists state agencies with internal audit activities whose budgets are between $10 and $70 million. The Program helps agencies develop and implement audit plans to add value and improve a state agency’s operations.

    • Code of Ethics
    • Audit Charter

    Quality Assurance Review Program
    The Office of Internal Audit has developed a Peer Review Program to help state agencies and universities comply with The Institute of Internal Auditors (IIA) Standards for the Professional Practice of Internal Auditing (Standards) and the Internal Auditing Act (G.S. 143-745). In order to comply with the Standards, internal auditing offices are required to have an external assessment at least once every five years. The Act requires the Office of Internal Audit to establish an independent peer review system for state agency and university internal audit activities. The purpose of an external review is to evaluate and express an opinion on an Internal Audit function’s compliance with the Standards. The Peer Review Program will enable state agencies and universities to obtain their external assessment in a method that is cost-effective and educational. Information on the peer review process, procedures, and templates is available in the Peer Review Manual. Contact the Office of Internal Audit with questions on the Peer Review Program.

    Award of Excellence Program
    The Council of Internal Auditing has established the North Carolina Internal Audit Award of Excellence. The purpose of this award is to acknowledge and express appreciation for outstanding accomplishments made by an individual internal auditor or an internal audit function within North Carolina State government. The accomplishments need not fall entirely within the scope of normal auditing duties, but shall be in the nature of a major contribution reflecting credit on the person and internal auditing service provided to the State of North Carolina. Complete guidelines and procedures can be found in the Award of Excellence Program Guidelines. Contact the Office of Internal Audit with questions on the Award of Excellence Program.

    OIA Quarterly Newsletter

    • March 2012
    • December 2011
    • June 2011
    • March 2011

    Other Resources

    • Audit Tools and Reference Materials
    • Institute of Internal Auditors (IIA)
    • IIA Raleigh-Durham Chapter
    • NC Office of the State Controller
    • Association of Government Accountants
    • Association of Certified Internal Auditors
    • Association of Certified Fraud Examiners
    • Information Systems Audit and Control Association
    • Association of Local Government Auditors
    • Graduate School USDA

    To contact the Council or staff, email internalauditinfo@osbm.nc.gov.