Rethinking internal audit

Baker Tilly has supported Minnesota State Colleges and Universities as its co-sourced internal audit partner since 2017. Our priority has been assisting the Executive Director of Internal Auditing and the audit committee to develop and execute a strategic internal audit function focused on operational and strategic risks and adding value to the system. Baker Tilly has supported standing up the system's successful implementation of a more formal enterprise risk management (ERM) process. This article, featured in the Association of Governing Board’s (AGB) Trusteeship Magazine, describes how internal audit added value to the institutions as an enabler of change in this time of many disruptions and helped forge a path to transform the system to be proactive, forward-looking and strategic by focusing on matters of system-wide significance.

For more information, or to learn how Baker Tilly's higher education specialists can help your institution develop and execute a strategic internal audit function, contact our team.