Texas State Auditor's Office - Summary of Report 23-008

A Performance Audit

An Audit Report on Accounts Receivable Management Processes at the University of North Texas and Texas A&M University-Corpus Christi

November 2022

Overview

Background

The University of North Texas (UNT) and Texas A&M University-Corpus Christi (TAMU-CC) had processes and controls to help ensure that accounts receivable related to student tuition and fees were managed and collected in compliance with applicable requirements. In addition, UNT and TAMU-CC complied with applicable student services fees requirements in Texas Education Code, Section 54.503. The University of North Texas System (UNT System) performs certain accounting functions on behalf of UNT.

LOW

STUDENT RECEIVABLES AT THE UNT SYSTEM

UNT System had processes and controls to ensure that it accounted for UNT’s student receivables and related allowances for doubtful accounts appropriately.

Jump to Chapter 1-A

MEDIUM

STUDENT RECEIVABLES COLLECTIONS AT UNT

UNT had processes and controls to help ensure that it collected student receivables appropriately; however, it should strengthen its review over queries used to identify students with delinquent balances.

Jump to Chapter 1-B

MEDIUM

STUDENT RECEIVABLES AT TAMU-CC

TAMU-CC generally had processes and controls to ensure that it accounted for student receivables and related allowances for doubtful accounts appropriately; however, it should strengthen its processes to ensure that it records all journal entries related to its allowance for doubtful accounts.

Jump to Chapter 2-A

LOW

STUDENT RECEIVABLES COLLECTIONS AT TAMU-CC

TAMU-CC had processes and controls to help ensure that it collected student receivables appropriately.

Jump to Chapter 2-B

LOW

STUDENT SERVICES FEES AT UNT AND TAMU-CC

UNT and TAMU-CC had processes and related controls to ensure that they complied with requirements for student services fees in Texas Education Code, Section 54.503.

Jump to Chapter 3

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