1. Quarterly Internal Audit – This process is a core function of IAO, which covers Compliance, Management, and Operations Audit performed on a Quarterly Period.

2.  Compliance Audit – A compliance audit is the evaluation of the degree of compliance of control with

laws, regulations, managerial policies, systems, and processes of government,

including compliance with accountability measures, ethical standards, and

contractual obligations.

3. Management Audit – A management audit is an evaluation of the effectiveness of internal controls adopted

in the operating and support services units/systems to determine whether or not they achieve the control objectives over time or as of a specific date. It is a review and appraisal of the systems and processes, organizational and staffing structures, operations, and management practices, records, reports, and performance standards of the divisions/offices/units covered.

4. Operations Audit – An operations audit is a separate evaluation of the outcome, output, process, and input

to determine whether government operations, programs, and projects are effective, efficient, ethical, and economical (4Es).

5. Special Audit – Request by the College President arising from a particular issue or concern.