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- Internal Audit Plan
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- UT Home Page
- ** New Links **
- Federal Title IV Financial Aid Reporting Requirements
- U.S. Dept. of Education Federal Student Aid Federal Direct Loan Program Audit Report (2010-2011 program year)
- 2010-2011 Annual Financial Report with A133 (as submitted to The State of Ohio in October of 2011)
Will I get in trouble should issues be identified during an internal audit?
Findings arising from an internal audit should not be viewed negatively, especially if a department or business process is not audited frequently. Rarely does an audit result in no findings or opportunities for improvement. Internal Audit cannot insist that management implement the corrective action we recommend. However, with the mandate given to UT Internal Audit by the highest levels of the University, swiftly implementing corrective action to those issues identified during an audit makes good business sense.Not implementing corrective actions to previously-raised internal control deficiencies is a more serious matter, as management has not taken the necessary steps to adequately protect University resources, which affects all employees, students, business partners, taxpayers, and other stakeholders.
