BUSINESS & FINANCE: AUDITING

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In an effort to preserve and maintain its history, Yale University seeks to retain certain documentation concerning auditing at Yale.  Specific topics of interest include:

• Development of policies and procedures for internal auditing;
   
• The financial integrity of Yale;
   
• The evaluation of the efficiency of the management and operation of programs;
   
• Yale's compliance with laws and regulations; and
   
• How the recommendations from auditors influence the administration of Yale.
   

Archival records (Permanent records should be transferred to the Archives.  Please arrange timing and frequency of records transfer with Archives staff.) Annual reports of the Department of Internal Audit   Audit reports, including findings and recommendations, for internal and external audits as well as for fiscal and program audits   Policies and procedures for performing and receiving an audit   Responses, reports, or correspondence showing how auditor's recommendations will be or have been implemented

Office of record The Department of Internal Audit and the unit receiving an external audit maintain the record copy of documentation about auditing.  Individual units that are not responsible for the creation of such records, but that maintain duplicates of such works or related materials, should destroy these files after they are no longer needed.

• Working or supporting papers for individual audits, including copies of financial or program records; interview notes; audit planning records; background documentation; reports made during intermediate stages of an audit; collections records; and reviews of accounts, documents, workflow records, and forms.  Destroy 3 years after filing of audit.