We advise, facilitate, and suggest controls, policies, and procedures, but we do not manage, approve, or make operational decisions so that we maintain our independence and objectivity.
OIRCA’s audit and advisory team helps the University achieve its goals by working alongside departments across campus to evaluate risk, streamline processes, and strengthen controls to protect the University’s assets.
Our Core Services
We structure our support around three key pillars:
1. Audit (Assurance)
Objective evaluations designed to give University leadership and the Board confidence that the internal control environment is functioning as intended.
- Operational & Financial Audits: Reviewing core business processes related to accounting records and operational workflows for alignment with established policies and procedures.
- IT & Cyber Security Reviews: Assessing system access, data governance, cloud security, and IT general controls (ITGCs).
- Regulatory & Compliance Audits: Evaluating adherence to regulations and legal frameworks.
2. Advisory (Consulting)
Proactive, collaborative guidance to help you build a strong control environment and optimize operations.
- Pre-Implementation Reviews: Partnering with teams early during ERP rollouts or major software upgrades to design effective controls before go-live.
- Process Rationalization: Reviewing controls in an effort to identify opportunities for improvement and efficiency.
3. Fraud Support
Safeguarding the organization’s assets and ethical culture.
- Fraud Risk Assessments: Identifying vulnerabilities across high-risk business functions.
- Independent Investigations: Investigating reported policy breaches or financial irregularities thoroughly and discreetly.