University of Rochester

Office of University Audit

Typical Findings

1. Inadequate segregation of duties

2. Inadequate, or untimely, review of monthly ledger reports

This represents the final detective control in our system of accounting.

3. Inappropriate access—Lack of security

4. Inadequate authorization of expenditures

5. Lack of appropriate authorization of time records

6. Inadequate authorization and processing of student time records

7. Inadequate knowledge of policies and procedures

8. Lack of control over capital equipment

9. Untimely deposit of receipts

10. Personal telephone toll calls