The Audit Plan outlines the activities and engagements the Office of Internal Audit and Enterprise Risk will complete during the fiscal year. The plan is developed based on a prioritization of the University’s auditable areas using a risk-based methodology which includes: 

• A risk assessment fo organizational units and business functions of the University;
• Information gathered from meetings with the Executive Team;
• Emerging risks and hot topics in the higher education industry;
• Projects other institutions of higher education are considering on their Audit Plan.

 Broad audit coverage is targeted with higher risk quotients being reviewed on a more frequent basis.

Once developed, the Audit Plan is shared with the Executive Team and the Budget, Audit, and Administrative Committee of the Montana University System’s Board of Regents.