Benefits of an Audit
- Identification of deviations from management's policies and procedures and expectations
- Identification of controls that need improvement
- Objective assessment of areas of interest to management
- Confirmation that controls and procedures are adequate
- Recognized improvements to accounting controls to prevent and detect fraud, waste and abuse
- Identification of productivity enhancements
- Recoveries of unbilled or underbilled revenues and duplicate payments
- Recoveries of vendor overcharges
- Recognized opportunities to automate procedures
- Assurance of automated computer controls
- Audits all schools, offices, departments, programs, grants and special request
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Last modified: 7/15/2010 8:57:18 AM