Audits consist of two components:
(1) On-Site Audit of an Institution's Facilities Inventory:
(A) Institutions may participate in the Peer Review
Team (PRT) process, by which institutions aid in auditing one another,
with the participation of THECB staff. Institutions participating
in the PRT program must provide one or more qualified individuals
with facilities management for the PRT pool maintained by the THECB
Staff; or
(B) Institutions choosing not to participate in the
PRT audit process are required to conduct self-audits in accordance
with Subchapter F, 17.110(c).
(2) Audit of an Institution's Facilities Development
Projects:
(A) The Internal Auditor of an institution (or its
System Office) may determine if facilities projects were submitted
to the Board in accordance with §17.20 of this title (Relating
to Facility Projects to Be Submitted to the Board) and submit a report
to the THECB.
(B) The THECB shall publish a Facilities Audit Protocol
on the agency's website, including details on the process and timing
of these components.
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