Audit Plan

Hopkins Internal Audit
Annual Audit Planning Process

The Annual Audit Plan is developed as follows:

  1. Hopkins Internal Audit performs a risk analysis of entities throughout Institution (heat map):
    • Analysis of revenue and expenditures
    • Sponsored funding level
    • Changes in leadership and financial administration
    • Past fraud or potential for fraud
    • Audit History (time since last audit) and Past Audit Experience
  2. Meetings with Key Leaders
    • Areas of concern
  3. Proposed Audit Plan presentation for approval to Legal Counsel for the Health System and Senior Vice President for Finance and Administration for the University
  4. Plan mailed to Trustees
  5. Plan presented for approval to the Audit Committee of the Board of Trustees.