Tag Archives: Internal Audit

The Audit Connection, Fall 2015 issue available online

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The Fall 2015 issue of “The Audit Connection” is now available. Produced by the Office of Internal Audit, “The Audit Connection” is the best source for the latest information about the overall health of Georgia Regents University.

To view the latest edition of “The Audit Connection,” click here.

Below is an excerpt from the Fall 2015 edition featuring the newest OIA intern, Shannon Runger.

Audit Intern“I think the greatest thing about this internship is the inclusion of the intern in the various audits that are being handled by the office. I feel like I will get a wellrounded understanding of internal audit through this experience.” – Shannon Runger

Shannon Runger became interested in the internship after attending a student luncheon at the Office of Internal Audit. There she learned that auditing encompassed more than the stereotypical idea of searching for fraud. She became increasingly interested while attending a course taught by Prof. Steve Loflin, who has a background in audit and frequently incorporates audit policies and procedures into his accounting lectures.

Through the internship, Runger hopes to gain a better understanding of the role and benefit of internal audit for the university and health system. She was delighted to have the opportunity in May to job shadow Anthony Wagner, the executive vice president of administration and finance for Georgia Regents University, and had a chance to see how the various systems work together to achieve a common goal. The experience opened her eyes to the many employment opportunities offered by GRU.

Runger is originally from Iowa, but an enlistment with the Air Force and a position at Fort Gordon brought her to Augusta in 2005. After an eight-year military career, she decided to pursue a degree in accounting and enrolled at Augusta State University. She saw the university through the consolidation into GRU and has been impressed with the degree of professionalism and aid to students that the Hull College of Business provides. She intends to continue her studies through a master’s degree program and hopes to obtain multiple professional certifications.

John Bourassa and Nilda Treska Complete Internal Audit Internship

Hull College of Business (HCOB) students John Bourassa and Nilda Treska have successfully completed the Internal Audit Internship program as of May 2015.  During the spring semester, they logged a combined total of nearly 200 hours, and contributed substantially to a variety of audit projects.  They join eight other alumni in the Internal Audit Hall of Fame.

Nilda Treska with Clay Sprouse

As non-traditional students, Bourassa and Treska brought a slightly different perspective to the internship than previous interns.  Both were remarkable in the way they balanced family responsibilities with heavy course loads, and in Treska’s case outside employment, without compromising their grades or internship experience.

John Bourassa

An accounting major, Treska graduated in May and will be moving with her husband and two young children to Indiana.  Bourassa is a double major in accounting and computer science.  He is slated to graduate Spring 2016.  His summer plans include a Study Abroad trip to Chili followed by an internship with John Deere in Iowa.

Interest in the Internal Audit Internship program continues to build.  Interviews for the summer and fall opportunities will begin in the next two weeks.

The IA Internship Program is intended to provide an introduction to audit for students who are contemplating a career in internal audit.  This is a volunteer internship that is particularly valuable to students who are seeking relevant professional experience as they develop their resume. The program is designed to enhance classroom learning by providing “hands on” field work and project management opportunities.  The internship qualifies for course credit as a general elective if the student so chooses.

Andrea Camey and Sophia Viller complete internal audit internship

Hull College of Business (HCOB) students Andrea Camey and Sophia Viller have successfully completed the Internal Audit Internship program as of December 2014. Throughout the fall term, they logged over 100 hours, and contributed substantially to a variety of audit projects. Eight interns have now participated in this program.

The IA Internship Program is intended to provide an introduction to audit for students who are contemplating a career in internal audit. This is a volunteer internship that is particularly valuable to students who are seeking relevant professional experience as they develop their resume. The program is designed to enhance classroom learning by providing “hands on” field work and project management opportunities.

Both accounting majors, they have each been selected to participate in paid internship programs as the next step in their career development. Camey has accepted an internship with Cherry Bekaert & Holland; Viller will be interning with ADP.  We wish them well as they embark on these endeavors.

John Bourassa and Nilda Treska will be the next Internal Audit interns, beginning their internships in January.

For additional information about the Office of Internal Audit Internship Program, contact Kathleen Boyd, Associate Director Internal Audit: 706/721-9525 kboyd50@gru.edu.

Fall 2013 issue of The Audit Connection

OIA Newsletter Fall 2013 Cover
The Audit Connection – Fall 2013

The Fall 2013 issue of The Audit Connection, a newsletter published by the Office of Internal Audit, is now available. The name reflects its purpose – keeping our organization informed and connected to the critical audit issues and risks facing our institution.

Communication represents one of the fundamental components of Internal Controls. Through The Audit Connection newsletter, we hope to keep you informed of policies, guidelines, and procedures that will enable each of you to support university and health system governance.

Read now: Fall 2013 issue of The Audit Connection

 

New issue of The Audit Connection now available

audit-connectionThe Spring 2013 issue of The Audit Connection, a newsletter published by the Office of Internal Audit, is now available. The name reflects its purpose – keeping our organization informed and connected to the critical audit issues and risks facing our institution.

Communication represents one of the fundamental components of Internal Controls. Through The Audit Connection newsletter, we hope to keep you informed of policies, guidelines and procedures that will enable each of you to support university and health system governance.

Read now: Spring 2013 issue of The Audit Connection

Internal Audit Office may surprise you

Internal audit photo
Chief Audit Officer Clay Sprouse works with his team. Submitted photo

When people think of audits, scary ideas often come to mind about the IRS coming to your house, sifting through your records and trying to fine or penalize you. But the Office of Internal Audit at Georgia Regents is actually nothing like that.

In fact, the department functions more as a responsive business partner, according to Clay Sprouse, the new Chief Audit Officer.  Sprouse recognizes internal auditing can be of most value while serving as a trusted advisor, providing independent opinion and objective evaluation.  He hopes to be approachable and accessible to leadership as well as other members of the Georgia Regents community.

“We are at our best when collaborating with departments to facilitate improvements and manage change. We focus our efforts on departmental goals to help management take advantage of opportunities and avoid pitfalls,” Sprouse explained.  “We’re focused on risk management and making sure the university, the health system and the employees can perform to their potential.”

The department stresses consulting and advisory service.

“If the department finds issues, they make recommendations to management, but because of our independent relationship, it is up to the leadership, the Board of Directors and Board of Regents to decide on the course of action to be taken,” Sprouse said.

In fact, according to Sprouse, departments should feel free to contact the Office of Internal Audit  for suggestions about improving operations.

“We want people to be open and work with our office to prevent small problems from developing into significant issues,” he said. “We want people to be able to ask questions and contact us for help.”

The office works with departments throughout the university and health system, encompassing a broad range of possible risks.

For example, the risks for a radiology department at the medical center vary widely from the risks for an English department on the Summerville Campus.

“We help management look at all the risks and then focus our efforts to ensure the critical issues are managed effectively,” Sprouse emphasized.

The department has seven employees with various specialties who work on audits across the enterprise.  The department also includes a student intern from the Hull College of Business.

While specific audit engagements vary from year to year in response to identified risks and management’s needs, there are a few areas of routine focus, including technology, hospital systems and compliance issues.

“Our office isn’t out to pester people or point out where a department has minor failures,” Sprouse said. “We want to work with them to ensure that they’re operating effectively and efficiently.  In the end, we prefer working with departments rather than against them.”

 

It’s not all about the numbers…

Clay Sprouse joined Georgia Regents as the new Chief Audit Officer in November; however, this was not his first time on this campus.  He worked in the audit department of the (then) Medical College of Georgia from 1986-89. Before returning to campus in 2012, he completed his MBA at Augusta College (now Georgia Regents University) and became a Certified Public Accountant, Certified Internal Auditor and Certified Information Systems Auditor.

“In my history, I have audited everything from fire departments to telephone systems, and those diverse experiences are why I love auditing,” Sprouse said.

This wide range of experience gives him and his staff a unique perspective. Before coming here, he managed an audit team at Savannah River Remediation, LLC, leading the department in a variety of complex initiatives.

“Auditors get to learn about all of the areas of the organization, and that allows them to see the forest and not just the trees,” he said.

“I actually deal with people more than numbers,” Sprouse said about his new position of Chief Audit Officer. “And I’ve always found it very interesting to be able to learn more about all of the various departments and processes and help people solve problems.  This job offers a lot of opportunities to meet a variety of people throughout the enterprise.”

Being in a management position, Sprouse said he also enjoys being able to help others reach their goals.  In fact, Sprouse said that helping people just comes naturally to him.

“I like mentoring students (interns), employees and others in my profession,” he said. “It’s rewarding to help others to reach their career objectives. I’m an Eagle Scout and my son is an Eagle Scout, and as the Scout Law says, I’m still trying to help other people at all times.”

In his free time Sprouse is an avid cyclist, and this is no mere hobby.  “I like to ride to work two to three times a week, when the weather allows,” he said. “It’s about 12 miles each way.” But after 12 miles, Sprouse is just warming up.

“I like to do 200, 300, 400 – or up to 600k (over 370 miles) rides when I get a chance,” he said. “In fact, I’m going to Griffin, Ga., for a 214k brevet (133 miles) ride this weekend.

Clay’s wife, Melanie, is the Associate Principal and Registrar at Lakeside High School.  His daughter, Lauryn, is completing an art degree at GRU’s Summerville campus.  His son, Chase, studies industrial management at Clemson University.