The Internal Audit Department is one of the structural units of the University which is guided [in its activities] by the Constitution and laws of the Republic of Armenia, Statutes and Regulations of the University and the rules of conduct of internal auditors of the Republic of Armenia.

The audit system is a set of procedures, requirements, rights and obligations of internal auditors envisaged by the RA legislation for implementing effective internal control and audit activity.

The scope of Internal Audit covers all activities and functions related to the University’s financial accountability systems and operational performance. It is concerned with all aspects of the University's operations. The system operates under the direct supervision of the Rector, with the Internal Audit Department carrying out internal audits.

Internal auditing is an independent, objective assurance and consulting activity aimed at improving University’s operations. It helps the University accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. Internal Auditors' roles include monitoring, assessing, and analyzing organizational risk and controls; and reviewing and confirming information and compliance with policies, procedures, and laws.

The audit is carried out on a scheduled basis of strategic and annual programs of the Department by providing objective assurance and consulting services to the Rector.

In order to compile internal audit strategy and annual plans all divisions of the University are to submit to the Internal Audit Department an annual risk assessment report. The document shall be submitted within ten working days after the approval of the internal audit charter and until November 1 for the following years.

To ensure implementation of its objectives, the Department may, with the permission of the Rector, also involve specialists from other structural units and divisions.

For each audit conducted by the Department, the Head of the Department makes a report which contains a brief description, objectives, findings and results, conclusions and recommendations, as well as a review of the project, which is an integral part of the report.

The Head of the Department reports to the Rector of the University about obstacles and challenges in implementing internal audit.