SCCULT (1992)

Internal Audit Services

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.

FINANCIAL AUDITS

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.

OPERATIONAL AUDITS

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.

COMPLIANCE AUDITS

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.

ADMINISTRATIVE INTERNAL CONTROL REVIEWS

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.

INFORMATION SYSTEM (IS) AUDITS

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.

INVESTIGATIVE AUDITS

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.

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