Michael Moody takes on the role of Institute Auditor at MIT
Michael J. Moody has been appointed as the new Institute Auditor at the Massachusetts Institute of Technology (MIT), a position previously held by Deborah Fisher since 2000.
In his new role, Moody will be responsible for overseeing internal audits to evaluate the effectiveness of financial controls and operational procedures, ensuring compliance with institutional policies and external regulations, providing independent assessments to senior leadership and the board of trustees, and advising on risk management and governance matters.
Moody's extensive experience in audit, compliance, and financial sectors spans over 25 years. Prior to his appointment at MIT, he served as the director of compliance in the Office for Audit and Advisory Services at Northwestern University since 2004. Before that, he was the director of audits at the University of Illinois at Chicago.
Moody's career began at the public accounting firm Coopers and Lybrand, where he worked as a senior associate. He holds a bachelor of science in finance from Northeastern Illinois University and has earned the certified internal auditor, certified information systems auditor, and certified inspector general designations.
In addition to his new role at MIT, Moody has also served as the director of internal audit in the Office of the Comptroller for the state of Illinois. His responsibilities as Institute Auditor include delivering audit services through a risk-based program, which assesses the safeguarding of assets, adequacy of internal controls, compliance with laws and regulations, and adherence to ethical practices.
Executive Vice President and Treasurer Israel Ruiz applauded Fisher for her exceptional leadership of the Audit Division and her reliable support of the Risk and Audit Committee of the MIT Corporation. Fisher vacated the Institute Auditor position to take up the new role of Institute Risk Officer at MIT on July 1.
Ruiz also praised Moody for his vast experience and expertise, expressing confidence in his ability to lead the Audit Division. Moody began his duties as the Institute Auditor at an unspecified institution on February 18.
It is important to note that while this article provides information about Moody's background and his new role at MIT, it does not contain specific details about his appointment at MIT or his particular mandate there. For detailed and current information about his appointment and role, official announcements or MIT’s website would be the most authoritative sources to consult.
In his new role as Institute Auditor at MIT, Moody will deliver audit services through a risk-based program, ensuring public trust by safeguarding assets, assessing internal controls, ensuring compliance with laws and regulations, and adherence to ethical practices in the realm of public science education-and-self-development. Moody's background in audit, compliance, and financial sectors, including his experience at public accounting firm Coopers and Lybrand, Northwestern University, and the University of Illinois at Chicago, will be instrumental in overseeing MIT's financial controls and operational procedures.
