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Common Audit Findings

Common Findings

  • Unlicensed software on department computers
  • Cash receipts not deposited in accordance with university policy
  • University assets, including cash, not safeguarded or properly accounted for
  • Asset handling and accounting responsibilities are not segregated
  • Written policies and procedures are not updated or maintained
  • Job descriptions are not updated on a regular basis to reflect job responsibilities
  • Departments maintain external bank accounts, which are not subject to University internal controls
  • Contracts with outside parties are not properly maintained
  • University telephones used for personal business and personal long distance phone calls charged to department
  • Equipment being discarded with no authorization or only verbal authorization