Internal auditors should strive to become key business advisors for the University management. This position of trust is earned through a demonstration of competence, integrity, and objectivity. Through this role, auditors help to disseminate good ideas and prevent potential problems from becoming actual ones. A total quality management philosophy will be employed on these engagements. The AICPA Statement on Standards for Consulting Services No. 1 defines six categories of consulting activities. These are briefly described below.
The General Standards of professional competence, due professional care, planning and supervision and sufficient relevant data apply to all management advisory services.