Audits are conducted to evaluate internal controls, determine compliance with established policies and procedures, and evaluate efficiency and effectiveness of operations. RFCUNY’s Office of Internal Audit performs audits on financial, operational, compliance, strategic, and reputation risks. The necessity to conduct audits originates from annual risk-based audit plans and requests from RFCUNY’s Audit Committee, RFCUNY’s President, and department management.
The Office of Internal Audit is also responsible for:
All RFCUNY employees are required to cooperate fully with audits and investigations and to provide all requested documentation timely.