Title: OACR audit focus
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Permanent Link: http://ufdc.ufl.edu/UF00087344/00004
 Material Information
Title: OACR audit focus
Series Title: OACR audit focus
Physical Description: Serial
Creator: Office of Audit & Compliance Review, University of Florida
Publisher: Office of Audit & Compliance Review
Publication Date: May 2003
 Record Information
Bibliographic ID: UF00087344
Volume ID: VID00004
Source Institution: University of Florida
Rights Management: All rights reserved by the source institution and holding location.

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NUR ERENGUC, INSPECTOR GENERAL UNIVERSITY OF
MAY 2003 FLORA


THE GENERAL NEWS


A quarterly newsletter from the Office of Inspector General

Office of Audit and Compliance Review


Soon you will know us as the Office
of Audit and Compliance Review
(OACR). Our office charter was
approved by President Young and
the Audit Committee in December,
following state level changes
relative to the Inspector General
Act (Section 20.055, FL Statutes).
The Charter defines our mission,
organizational alignment, scope,
and authority. It also establishes
the professional standards for our
staff to follow and specifies the
duties and responsibilities of the
office. To view the complete
Charter, visit our new website at
http://oacr.ufl.edu after July 1st.

We are taking on a new name to
better reflect the organization and


mission of the office as defined by
the Charter. The IG will serve as
the University's Chief Audit
Executive, and other OACR staff
will move to job titles more
reflective of their roles.




OCR

We will continue to serve the
university community as a central
point for coordination and over-
sight for activities that promote
accountability, integrity, efficiency
and compliance through audit,
investigative and advisory services.
The next two years, we will also be
focused on the UF Bridges project.


We're on the Web


See us at:


We welcome Vito to our staff


OIG. UFL.EDU


We are pleased to welcome John
"Vito" Hite to our staff. Vito is a
Maryland CPA and a Certified
Internal Auditor. He has over 14
years of audit experience, including
contract auditing for the federal
government and internal auditing
for Johns Hopkins Applied Physics
Lab, Lockheed Martin and the
Washington Suburban Sanitary
Commission.


Highlights from
the quarter


OACR

New staff

Decentral-
iil gifts







Decentralized gifts


University of Florida
Office of
Inspector General
341 Tigert Hall
PO Box 113025
Gainesville, FL 32611


Ekune:
(34) 392-1391

Fax:
(352) 392-3149

E-Mail:
auditor@ufl.edu





Editor
Lori Christiansen
lchrist@ufl.edu


Funds received for the benefit of
the university and its activities by
UF staff, faculty or students are to
be deposited with the University of
Florida Foundation (UFF).

UFF is a non-profit, 501(c)(3)
organization established to
support and enhance the univer-
sity by encouraging private dona-
tions. UFF maintains over 5,000
funds for colleges and other units.
The colleges/units appoint internal
fund administrators to manage use
of their funds. Donor gifts may be
received directly by UFF or
collected within the college/unit.

Among our audits this quarter was
an audit of gift collections at the
college/unit level. This effort in-
cluded review of related proce-
dures and controls at 25 locations
on campus.

The audit revealed failure of most
units reviewed to manage their gift
collections in accordance with the
minimum controls identified in the
Handbook on Business Procedures.


Specific weaknesses noted through
the audit included that:

> Checks were not logged as
received.
> Checks were not restrictively
endorsed.
> Checks were not adequately
secured when held overnight.
> Deposit of collections was not
verified to UFF records by the
unit to ensure receipt and
proper posting.


UFF and the University Controller
will be directing communication to
you on these issues. We encourage
you to review your internal
practices for these basic controls
that help to ensure effective
deposit of gift collections.


University of Florida
Office of Inspector General
341 Tigert Hall
PO Box 113025
Gainesville, FL 32611


Campus I

mail
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