ASC Management Letter

Audit Guidance

State University of New York
Office of the University Auditor
Auxiliary Service Corporations
Summary of 2006-2007 Management Letter Comments
April 16, 2008

To assist campuses in strengthening controls over governance, revenue, disbursements, and asset management, we are providing examples of management letter comments that were addressed to the various campus auxiliary service corporations (corporations). These comments were provided by certified public accounting firms during the most recent audits of the corporations and represent internal control improvement opportunities cited by those firms. Corporations should review this list to ensure their operations adequately address each of the items.

Governance

Revenue, Receipts, and Cash Management

Procurement and Disbursement

Other Asset Management

Other Sources of Information Pertaining to Auxiliary Services Corporations

Auxiliary Services Corporations' Administrative Guidelines

Auxiliary Services Corporations Guidelines

For additional information, please contact the University Auditor at 518-320-1533.

University Audit