ERIC Number: ED424883
Record Type: Non-Journal
Publication Date: 1998-Nov-12
Reference Count: N/A
Selected Financial Management Practices of the State University of New York College at Potsdam. Report 97-S-54.
An audit was conducted of the State University of New York (SUNY) College at Potsdam, evaluating controls over access to student accounts and the collection of revenue at remote sites for fiscal year 1997-98. The objectives of the financial-related audit were to determine whether SUNY's controls over access to student accounts were adequate enough to ensure the integrity of student revenue and collection data. The audit also tried to determine whether SUNY's controls over cash collections at remote sites were effective in ensuring that collections were properly recorded and deposited. Weaknesses were identified in SUNY's system of internal controls over access to student accounts. The audit found that some individuals have access that is incompatible with their other job duties, and that others have greater access than they need to perform their jobs. However, the audit found no instances in which unauthorized persons adjusted student accounts, and the conducted tests did not identify any significant transactions that were not properly supported. The audit also revealed that controls over cash collections at some remote collection sites need to be improved to ensure that all receipts are properly recorded and deposited. Included are recommendations for rectifying the above situations. (AS)
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: New York State Office of the Comptroller, Albany. Div. of Management Audit.