Classification Details

Pay Grade
EEO Code
Director, Internal Audits
The Director of Internal Audits reports functionally to the Board of Regents and administratively to the President. The Director is responsible for leading an independent and objective audit and consulting program for Midwestern State University in accordance with the University's Audit Charter, the Texas Internal Auditing Act, the Institute of Internal Auditors' International Standards for the Professional Practice of Internal Auditing and Code of Ethics, and generally accepted governmental auditing standards of the Government Accountability Office. Performs financial, operational, information technology, compliance, and investigative audits, and plans, schedules, and reviews all audits, making recommendations to improve internal control and reduce risk, and provides consulting services to proactively advise management on internal control and promote operational efficiency and effectiveness.
Responsible for determining and developing the overall internal audit program for the University, including establishing and maintaining an effective University-wide risk assessment and annual audit plan development process of individual audits to be conducted during the year and periodic audits of the University's major systems and controls; providing progressive leadership and direction for the audit and external audit activities within the University; and providing budget oversight for all auditing activities. Develops a flexible annual audit plan using an appropriate risk-based methodology identifying the individual audits to be conducted during the year, including any risks or control concerns identified by management, a work schedule, and budget and staffing, and submits that plan to the President for review and to the Board of Regents for their approval. Prepares and issues audit reports to management and the Board of Regents and reports significant issues related to the processes for controlling the activities of the University and compliance with laws, regulations, and ethics, including potential improvements to those processes, and relays information concerning such issues through resolution. Attends meetings of the Board of Regents and prepares and makes presentations to the Audit, Compliance, and Management Review Committee, including the annual audit plan for approval by the Board of Regents, and reviews any significant changes during the year; reviews and discusses audit reports, correspondence and recommended actions; and develops working relationships with executive management University-wide. Is responsible for all departmental operations, including implementing the annual audit plan approved by the Board of Regents and conducting audits as specified in the audit plan and documenting deviations and, as appropriate, performing any special tasks or projects requested by management and the Board of Regents (e.g., economy and efficiency audits and program results audits); hiring, training, promoting and dismissing employees under direct purview; reviewing and approving personnel actions for departmental employees; conducting performance evaluations; overseeing the department's financial and business operations; and performing other related functions as assigned; and complying with the provisions of the MSU Policies and Procedures Manual. Reviews all significant issues raised in reports with University administrators, including the administrators' responses to internal audit recommendations with the Board of Regents; reviews follow-up actions by management to determine whether appropriate actions are taken. Conducts quality assurance reviews as part of a quality assurance and improvement program to assure the operation of internal auditing activities; periodically takes part in a comprehensive external peer review; and ensures compliance with the Texas Internal Auditing Act. Performs consulting services to assist management in meeting its objectives; consulting services may range from formal engagements with defined scope and objectives, to advisory activities, such as participating in standing or ad hoc committees or project teams, and may also include informal guidance provided on an as-needed basis. Works with the University's General Counsel to assist the Controller as appropriate in developing and maintaining comprehensive enterprise risk management and compliance programs for the University; and works with the University's General Counsel to administer the anonymous reporting hotline. Develops procedures to ensure that anti-fraud safeguards are in place and assists in the investigation of significant suspected fraudulent activities in the University and notifies management and the Board of Regents of the results. Works in cooperation with the State Auditor's Office, independent auditors engaged in private practice, and other auditors for entities of the State of Texas concerning matters that may affect the University. Considers the scope of work of the external auditors and regulators, as appropriate, for the purpose of providing optimal audit coverage to the University at a reasonable overall cost; acts as a liaison for any audits of the University performed by external audit agencies; assists in planning, coordination, and obtaining management's response to findings; and obtains copies of reports and addresses any issues.
Physical Condition
May work around standard office conditions; repetitive use of a keyboard and calculator at a workstation; use of manual dexterity; and lifting and moving.
Minimum of three years of experience in audit and financial operations is required; five years experience with two years in a supervisory capacity is preferred. Experience in compliance program development in higher education or environments of comparable size and complexity is preferred.
Must maintain current knowledge of the Institute of Internal Auditors' International Standards for the Professional Practice of Internal Auditing and Code of Ethics; generally accepted governmental auditing standards of the Government Accountability Office; the latest audit techniques, procedures, and standards that may impact the operations of the internal audit function; and legislative statutes which affect the University.
Bachelor's degree in Accounting, Finance, Business, or related field; Master's degree preferred.
Additional Requirements
Certification as a Certified Public Accountant (CPA) or Certified Internal Auditor (CIA). Demonstrated excellent interpersonal oral skills and written communication skills. *Regular reliable attendance is required. *This position is designated as security sensitive (High) and requires a criminal background check.

Last Updated 06-06-2017