SCCULT tend to processes and procedures, examining financial records, assessing compliance with applicable laws and regulations, evaluating risks and developing recommendations to improve risk management, and investigating fraud.
Accounting and reporting of financial transactions, including commitments, authorizations, and receipt and disbursement of funds. The purpose is to verify that there are sufficient controls over cash and cash-like assets and that there are adequate process controls over the acquisition and use of resources.
Sometimes called program or performance audits, examine the use of unit resources to evaluate whether those resources are being used in the most efficient and effective ways to fulfill the unit’s mission and objectives.
Determine the degree of a unit’s adherence to laws, regulations, policies, and procedures. Examples of external requirements include Federal and State laws, NCAA regulations, and Federal and State OSHA regulations.
focus on the departmental level activities that are components of the University’s major business activities. Areas such as payroll and benefits, cash handling, inventory and equipment and their physical security, grants and contracts, and financial reporting are usually subject to review.
To address the internal control environment of automated information processing systems and how people use those systems. IS audits typically evaluate system input, output, processing controls, backup and recovery plans, system security, and computer facility reviews.
are performed when appropriate. These audits focus on alleged civil or criminal violations of State or Federal laws or violations of University policies and procedures that may result in prosecution or disciplinary action.