The Office of Internal Audit and Risk Management at Missouri State University is an independent appraisal function established to strengthen the organization’s value creation, protection, and sustainability, advise on issues of governance, risk management, and control processes, provide information necessary to management for decision making and oversight, enhance the organizations reputation and credibility with its stakeholders, and serve the public interest. The purpose of the Office is to enhance the organization’s success by providing the Board of Governors and administration/management with objective assurance and advice. To this end, the Office provides analysis, recommendations, counsel, and information concerning the activities reviewed.
In addition to assurance and advisory services, the Office serves as the Custodian of Records and processes all third- party requests for documents, manages the University's ethics hotline and conflict of interest disclosure processes, and works with university employees to ensure Missouri Ethics Commission financial disclosure reports are completed timely as required. Further, the Director serves as the Chair of the Enterprise Risk Management Committees and related subcommittees.
The Director reports directly to the Board of Governors Risk Management & Audit Committee and indirectly to the President in accordance with the Charter. All staff report directly to the Director. This arrangement provides the independence necessary to ensure impartiality. The Director also serves as chair of the Enterprise Risk Management and Compliance Committee.
Missouri State University is a member of the Association of College and University Auditors (ACUA), University Risk Management and Insurance Association (URMIA), and the Institute of Internal Auditors (IIA). In addition to these organizational memberships, individual auditors also hold membership with the Association of Certified Fraud Examiners (ACFE).