University Audit







RISKS and CONTROLS



Research


    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:



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