Sustainable Corporate Governance in the Internal Audit Office of Chulalongkorn University

It was in 1977 that Chulalongkorn University set up its Internal Audit Unit under the office of Chulalongkorn Property. In 1996 Chulalongkorn University has Developing Organization Structure and transfer Internal Auditing Unit to be Internal Audit Office of University. Approval was given by the University Council at their 566th meeting on September 26, 1996. Although the responsibility have increate but the audit schedule and audit plan going on selected business unit for auditing by amount of transaction concentration and turn around to audit that business unit in each three year. The auditing objective is detective and type of auditing is only financial audit and compliance audit. In 1999 Chulalongkorn University has been endorsed in internal auditing curriculum in Faculty of Commerce and Accounting by The Institute of Internal Auditors in United States of America and in the year 2004 Professor Dr. Khunying Suchada Kirananda from the Faculty of Commerce and Accounting has been the President, Internal Auditing office has been developed and changes the concept and roles to be assurance service and consulting service. And designed the responsible by distributed the Business unit to line auditor then each year audit plan has concentration all Business unit of Chulalongkorn university by identified risk based process universe. On objective of preventive with have been monitored and offer more service in management and operating audit. Beyond 1997 Government encourage all state universities to become autonomous institutions which mean that the universities will receive a subsidy from government funds but will be financially responsible for their own viability. In 2008, the Chulalongkorn Act was promulgated making Chulalongkorn University an Autonomous University. Consequently, there has been a big change in its structure and the Internal Audit Office has been assigned to work under the Audit Committee which is responsible to the Chulalongkorn University Council.