External audit coordination involves assisting the campus to fulfill audit requirements that arise from its role as a recipient of public and other extramural funds, as well as obligations from business contracts, and to cooperate fully with external auditors.

Per Board of Regents Policy 210, MUS Internal Audit, campus management must notify the MUS internal auditor and the appropriate campus internal audit director when they become aware of an external audit or review. This includes reviews or site visits generated within a unit or campus that appraises, examines, or evaluates:

• Operational procedures for adequate internal controls;
• Financial procedures or transactions for accuracy or compliance;
• Timeliness, reliability, and usefulness of institutional records or reports, including actuarial reports;
• Compliance with internal policies and procedures, state law, federal law, or other regulations; or
• Operational alignment with best practices.

Upon completion, a copy of the external audit or review will be provided to the MUS internal auditor and the appropriate campus internal audit director.

 Campus management must also contact the MUS internal auditor and the appropriate campus internal audit director before entering into any contract or agreement for external auditing services. The MUS internal auditor will coordinate with the Montana legislative auditor to ensure compliance with § 5‐13‐411, MCA.