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Internal Audit

The Division of Internal Audit was established in July 2003 as a service to the Audit Committee, Board of Trustees, Executive Director, and all levels of management.  The Division performs an independent appraisal of the various operations and systems of control within Kentucky Retirement Systems to determine whether acceptable policies and procedures are followed, legislative requirements and established standards are met, resources are used efficiently and economically, planned missions are accomplished effectively, and the objectives of Kentucky Retirement Systems are being achieved.

Mission and Objective

The mission of the Division of Internal Audit Administration is to enhance and protect organizational value by providing risk-based and objective assurance, advice, and insight. 

The objective of the Division of Internal Audit Administration is to assist all levels of management in the effective discharge of their responsibilities by providing independent analysis, appraisals, advice, and recommendations concerning activities reviewed.  

Service to Members

The Division of Internal Audit Administration helps to improve the performance and accountability of Kentucky Retirement Systems by: 

  • Assessing the reliability of financial and operational information; 
  • Evaluating the efficiency and effectiveness of various divisions within Kentucky Retirement Systems; 
  • Testing the adequacy of controls to prevent waste and safeguard assets; and,
  • Verifying compliance with policies, procedures, and regulations.

Types of Audits Performed

  • Financial
  • Compliance
  • Operational
  • Investment
  • Information Systems
  • Investigative
  • Performance

Questions About Internal Audit?  

Contact Us

Division of Internal Audit Administration
Kentucky Retirement Systems
1260 Louisville Road
Frankfort, KY 40601-6157
Telephone:  502-696-8800 or 800-928-4646
Facsimile: (502) 696-8806

Example: 555-555-5555

Example: example@kentucky.gov


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