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 examples of controls to mitigate risk:

Back to Risks & Controls