The University of Chicago

Financial Services

  

1204 Non-Audit Services by University Auditors

Subject Area: Procurement/Disbursement
Sponsor: Chief Financial Officer
Originally Issued: October 1980
Revised: July 2005, October 2007, March 2010
Refer Questions To: John R. Kroll, 773-702-1941

Purpose: To establish policy guidelines which address the use of the University external auditor and out-sourced internal audit service provider to perform non-audit services.

Policy

To maintain auditor independence and avoid even the appearance of conflicts of interest, it is the policy of the University not to engage the external auditor or out-sourced internal audit service provider for the following non-audit services:

Other services, including tax services may be allowed with the approval of the Chief Financial Officer. Exceptions to this policy will be permitted only with pre-approval from the Audit Committee.


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