Operation Collaboration - Leading Practices for Leveraging Common Internal Audit and Compliance Structures at Higher Education Institutions

The ever-changing landscape of higher education requires institutions to consciously maximize the relationship between Internal Audit (IA) and Compliance functions. Institutions are placing greater emphasis on promoting collaboration across the function responsible for assessing risks and those that work to mitigate risks and perform compliance activities. Leadership recognizes that these functions are increasingly critical to enable the achievement of institutional strategic objectives. In this webinar, we will provide an overview of common structures and relationships between IA and Compliance, industry leading practices for collaborating across functions and communicating with the Board of Trustees and the Audit Committee, and options for how IA can provide meaningful and participatory oversight and assurance in support of the Compliance function. 

Speakers: Vicki Duggan, Chief Compliance, Risk and Ethics Officer, Montgomery College, Julian Williams, Vice President, Compliance, Diversity and Ethics, George Mason University, Ashley Deihr, Director, Baker Tilly, Matt Yates, Consultant, Baker Tilly

Attendees should be able to do the following upon conclusion of the webinar:

1. Understand the characteristics, advantages, and disadvantages of several IA and Compliance structures 
2. Implement leading practices for institutional collaboration between IA and Compliance functions 
3. Apply effective methods for IA and Compliance to coordinate communications with the Board of Trustees and Audit Committee 
4. Consider how IA can provide objective assurance and monitoring for the Compliance function 
Field of study: Auditing
Program Level: Overview
Location: Virtual
Type of delivery method: Group-internet-based
Prerequisite: None
Advance preparation: None required
CPE credit: 1 Credit
Cost: Complimentary 

Materials

• Presentation Slides
• Audio Recording