The Internal Audit team provides independent, objective assurance and consulting services designed to add value and improve the University’s operations. Our programs ensure that DLSU maintains financial integrity, operational efficiency, and strict adherence to institutional standards.
These programs focus on the accuracy and reliability of the University’s fiscal health.
- Financial Audit: An evaluation of financial records to ensure accuracy and compliance. Key focus areas include mathematical accuracy, FS analysis, payroll reviews, bank reconciliations, and testing of unusual account movements.
- Audit of Project Fund Financial Reports: Specialized audits for externally funded projects. We verify annual and final financial reports to ensure compliance with contractual agreements before they are submitted to funding agencies.
We assess the systems and workflows that keep the University running smoothly.
- Internal Audit Review: A thorough examination of transactions to obtain assurance on the completeness, existence, and occurrence of activities, ensuring alignment with institutional objectives.
- Process Review: Evaluates the effectiveness and efficiency of internal processes (often by management request or risk alert). We provide concrete recommendations to strengthen the internal control structure.
- Internal Controls Review: A comprehensive assessment of control designs and implementation to mitigate risks and enhance the reliability of financial reporting.
We ensure that improvements are successfully integrated.
- Recommendations Monitoring: Periodic tracking of RMCA-issued recommendations, with a follow-up frequency based on the specific risk category.
- Implementation Testing: Verification of “implemented” changes to ensure they are functioning as intended and achieving desired outcomes.
- External Reports Monitoring: Tracking and evaluating recommendations from external bodies (e.g., PAASCU, AUN, External Auditors) to ensure timely resolution.
- Investigation: Conducted upon feedback received through the RMCA Office or as directed by the University President or Councils
