External Audit Review and Processing

External Audit Review and Processing

The Office of the University Auditor (OUA) coordinates the University's response to compliance and program audits performed by external, independent auditors. The most common are those performed by the Office of the State Comptroller (OSC). Generally, such audits relate to significant segments of campus operations, such as financial management practice, or audits pertaining to University-wide programs or functions, but may include efforts to obtain refunds of tuition assistance payments made  to campuses that are found to be improperly documented.

University records are also audited by external CPA firms. In addition to the annual audit of the University's financial statements by the University's independent auditors, the University is included in the State of New York's Single Audit, which is conducted by the State's independent auditors. The role of the OUA is different in each case depending upon the nature and reporting mechanism of the recommendations, if any. However, in the case of the Single Audit, the University Auditor has been designated by the Chancellor as the contact for the University by the relevant independent auditors, the Division of the Budget and campus representatives.

University Audit