Audit Report - Washington State University - 1997

Washington State Auditor's OfficeAudit ReportAudit ServicesReport No. 5939WASHINGTON STATE UNIVERSITYAgency No. 365July 1, 1996 Through June 30, 1997Issue Date: July 24, 1998TABLE OF CONTENTSPageOverview ................................................... 1Schedule Of Findings:1. Department Noncompliance With Established Internal Controls AndUniversity Policies Over Decentralized Cash Operations Creates APotential For Misappropriation Of Public Funds ................... 22.University Policies Related To Payroll Processing Creates A 83. Noncompliance With State Regulations And University PoliciesRelated To Fixed Assets Creates A Potential For MisappropriationOr Misuse Of Public Property ............................... 154. Department Noncompliance With Federal Regulations And UniversityPolicies Related To The Administration Of Sponsored ProjectsResulted In Cost Transfers And Overdrafts Of Approved Budgets ...... 19WASHINGTON STATE UNIVERSITYAgency No. 365July 1, 1996 Through June 30, 1997OverviewWe have conducted an annual audit of Washington State University for the year ended June 30, 1997.Generally, the scope of our audit will encompass financial transactions, federal programs, and testsof compliance with state laws and regulations as required by Revised Code of Washington 43.09.260.The primary areas examined during an audit are those representing the highest risk of noncompliance,misappropriation or misuse. Other areas are reviewed on ...