Ohio Administrative Code|Rule 3359-7-02 | Office of university internal audit.

                                                
(A) The chief audit executive
		  ("CAE") shall be appointed by the board upon the joint recommendation
		  of the president and the audit and compliance committee of the board of
		  trustees, and shall hold office at the discretion of the board. The chief audit
		  executive shall report directly to the president on administrative matters and
		  the board of trustees through the audit and compliance committee of the board
		  on functional matters.
(B) The chief audit executive is
		  responsible for conducting financial, operational, compliance and investigative
		  audits. The chief audit executive, with advice and assistance from the
		  university administration, including the vice president and general counsel,
		  shall be responsible for developing both short and long-term internal audit
		  plans, overseeing that audits are properly planned, staffed and completed, and
		  summarizing and communicating results to the university administration and the
		  audit and compliance committee and the board as appropriate. The chief audit
		  executive shall identify where improvements to internal control processes
		  effectiveness and process efficiency should be made to the university's
		  financial and operational processes.
(C) The chief audit executive shall lead
		  the evaluation and execution of audits associated with the university's
		  compliance requirements, including, for example, compliance with university
		  policies and rules and compliance with laws and applicable state and federal
		  regulatory standards and mandates.
(D) The chief audit executive shall
		  conduct those financial, operational and investigative audits as, from time to
		  time, may be requested by the audit and compliance committee or the board of
		  trustees and university administration, including the vice president and
		  general counsel and shall perform and be responsible for the following
		  financial audits and reviews:
(1) Audit and verify
			 purchase orders and vouchers for bills and salaries; audit receipts of funds,
			 including student tuition and fees, and the deposits thereof in banks and
			 reconciliation of all bank accounts.
(2) Audit general funds,
			 auxiliary funds, restricted funds, loan funds, endowment funds, plant funds,
			 and agency funds; and, assist the external auditors as appointed by the board
			 and Ohio auditor of state.
(3) Periodically, and
			 from time to time, inspect securities, inventories, supplies, real property and
			 equipment owned by the university.
(4) Periodically review
			 and make recommendations for improvements of the system of internal control in
			 effect for the entire university.
(E) The chief audit executive shall
		  perform such other duties as may be assigned by the audit and compliance
		  committee or the board of trustees and university administration.
(F) Additional audit personnel. The
		  president may recommend the appointment of additional audit personnel to
		  support the work of the chief audit executive. These additional audit personnel
		  may include a deputy audit executive.