University Audit



    Examples of controls to reduce the risk of disallowances and repayment:

  • The unit reviews contract and grant expenditures and transfers for compliance with the specific terms of the award.

  • The principal investigator approves all expenditures from and transfers to the project number.

  • Effort reports are accurate, complete, and timely processed.

  • Transfers of expenditures reflect actual costs for that contract or grant.   Transfers are made within 90 days of the original payment.

  • Purchases of computers and other equipment are not made toward the end of the award period.

  • Matching expenditures are funded and posted to a separate match project number.

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

Return to overview of Risks and Controls