University Audit


Financial and Operational

Examples of controls to reduce risks of program losses or mismanaged operations:

  • The tone at the top supports ethical values and sound business practices.

  • Management reviews budget position reports for budget status.

  • Management reviews periodic activity reports to evaluate whether objectives are being achieved.

  • Systems provide timely, accurate, and sufficient information.

  • The unit uses benchmarking and other measures to evaluate effectiveness and customer satisfaction.

  • Resources, including equipment and personnel, are adequate to achieve program objectives.

  • Procedures are written for key processes.

Click on the links below for some examples of controls to mitigate risk:

Return to overview of Risks and Controls