Common Audit Findings
Note: Some links go to external websites.
During engagements, we compare a department's transactions and processes to:
- Federal and state regulations
- UNCW policies, handbooks, and catalogues
- Accreditation standards
- Best practices as defined by professional organizations, industry standards, and other relevant sources.
These benchmarks allow us to evaluate operations in terms of compliance, effectiveness, and efficiency. In doing so, we have noted there are areas which departments frequently need to strengthen controls. Some examples are listed below.
1. Internal Controls
Areas in which internal controls can often be strengthened include:
2. Compliance
We regularly review departmental operations for compliance with federal regulations, compliance with North Carolina General Statutes and the rules of the North Carolina Office of State Budget and Management and the North Carolina Office of Human Resources. Our operations are also subject to the policies of the University of North Carolina system as well as internal UNCW Policies.
3. Other
Other topics that often come up during reviews include: