Control, Compliance and Risk Management at Duke University

Duke University was founded in 1924 when the Duke family of Durham, North Carolina provided a substantial endowment to Trinity College. In this profile, Mike Somich, Duke University’s executive director of internal audit, discusses the importance of recruiting auditors with a variety of audit skills to cover the three groups he oversees – the University, Duke University Health System (including the School of Medicine) and information technology. His audit team is responsible for three auditing components at Duke – controls, compliance and risk.