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The Office of Audit, Risk, and Compliance is charged by both the Board of Visitors and University Policy
The Office of Audit, Risk, and Compliance (OARC) performs independent internal audits, plans and oversees the university risk management process, and oversees the institutional compliance program. The OARC’s mission is to enhance and protect organizational value by providing risk-based and objective assurance, advice, and insight as follows:
1. Audit: Provide independent, objective assurance and advisory activity designed to add value and improve university operations. It helps the university accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
2. Risk Management: Provide oversight of the enterprise risk management (ERM) program by creating and maintaining the framework to effectively identify, assess, and manage risk.
3. Compliance: Provide oversight of the institutional compliance program and the distributed processes that support compliance across the university.