Audit Division

In the Audit Division (Audit), we prioritize, plan, and execute audit coverage across the Institute, leveraging a continual focus on risks to assess the safeguarding of assets, adequacy of internal controls, compliance with laws and regulations, and adherence to ethical practices. We conduct advisory services, compliance assessments, and financial, operational, and information technology audits and reviews. We employ traditional audit methodologies as well as automated tools such as data analytics and continuous monitoring. Collaboration with management is an important ingredient in our assessment of controls related to financial, compliance, operational, and technology risks.

Our staff provides key information to the community, enhancing Institute knowledge and decision-making.

We support the Risk and Audit Committee of the Corporation while monitoring internal controls and supporting the Institute’s risk management processes. Emphasis on building rapport and establishing relationships across management has advanced our focus on governance as a respected source of insight. Our staff provides key information to the community, enhancing Institute knowledge and decision-making.

Key efforts within our division include the Research Administrative Compliance Program (RACP), construction audit services, Lincoln Laboratory Audit Services, and a particular focus on international initiatives. We are also charged with the management and administration of the Institute’s anonymous reporting hotline.

Beginning in fiscal 2014, the Audit Division will work collaboratively with the newly created Office of Risk Management in support of the Institute’s Risk Council. The work of the Risk Council and related development of a comprehensive risk management system by the Office of Risk Management are foundational steps that inform risk-taking in pursuit of the Institute’s mission.

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Contact

Audit Division
Visit the Audit Division website

Michael J. Moody, Institute Auditor
617-253-6275
NE49-3021, 600 Technology Square
Cambridge, MA 02139