Annually, UAS prepares an audit plan to identify audit areas within Saint Louis University. The processes selected are based on a risk assessment model prepared by UAS, management requests, and financial audits that recur each year.
The audit plan is updated each new fiscal year and is reviewed with Senior Administration and the Board of Trustees Audit Committee. The standard progression of an engagement includes the following phases:
- Contact Departmental Management
- Planning Phase
- Communication of Results
- Feedback and Follow-Up