Stephen F. Austin
A Follow-Up Audit on Management Controls at
Stephen F. Austin State University
October 1998
Report Number 99-008
Overall Conclusion
During the follow-up audit we worked with the University on further refinements to operational policies and procedures. The University continued to make improvements to operational practices, particularly in certain areas of cash management, throughout the course of the audit. On-going communication with management indicates that this valuable work continues.
Key Facts and Findings
Stephen F. Austin State University has implemented, or is on target for implementing, all significant recommendations made by the State Auditor's Office in August 1997. Foremost, the University has corrected a material cash management weakness. Before this weakness was corrected, ineffective monitoring and reconciliation of bank accounts had put the University at risk for financial loss or fraud. This was the most critical problem reported in An Audit Report on Management Controls at Stephen F. Austin State University (SAO Report Number 97-082, August 1997).
The University also has made recommended improvements to its Department of Audit Services. Improved communication with and oversight by the Board, as well as the addition of a third auditor, better enable the Department to address risks and bring problems and recommended actions to the attention of the Board in a timely manner.
Contact the SAO about this report.
Download the PDF version of this report. (.pdf)
HTML Equivalent (utilizing Adobe's PDF Conversion by Simple Form).