Association of College & University Auditors
As the complexity of higher education intensifies, the need for internal audit, risk management, and compliance services has never been greater. Since its incorporation in 1958, ACUA has been a primary resource for higher education auditing, regulatory compliance, and risk management. This website was developed to further serve the higher education community to help enhance internal controls, risk mitigation, and compliance monitoring systems.
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Maryland university officials illegally share corporate credit cards
Employees of a Maryland university illegally shared a corporate purchasing card and racked up more than $800,000 in charges from January 2008 to January 2010, according to a state audit. Posted to ACUA on: 07/15/10
San Jose college leader worked at DeAnza College while on sick leave
A top executive at the financially troubled San Jose/Evergreen Community College District earned a full salary while on sick leave this spring yet, during that same period, she earned a separate salary teaching at another nearby district. Posted to ACUA on: 07/07/10
Ga. Tech Employees Fired Following Investigation
While reviewing cost overruns within the Georgia Electronic Design Center, Georgia Tech's Department of Internal Auditing found evidence of possible malfeasance including the misappropriation of institute resources for the benefit of a faculty-owned company, Sayana Wireless, LLC. According to the report, five employees have been fired or are planned to be fired. Records released to the news station, via a public records request, may provide evidence of bogus invoices created to generate payments to a French company that provided chips to Sayana Wireless. Posted to ACUA on: 07/06/10
Consolidating Campus Commerce Is All in the Cards
New Payment Card Industry (PCI) standards go into effect July 1, 2010. Colleges and universities are particularly vulnerable, 34 reported a personal data security breach in 2009.Toughey provides a solid background on this issue as well as informational resources to address the challenges of increased card usage on campus.
Institute of Internal Auditors Recognizes Leader's 29 Years of Distinguished Service
Betty McPhilimy, CIA, associate vice president for Northwestern University's office for audit and advisory services, has received the prestigious Victor Z. Brink Award for Distinguished Service on June 9, 2010 at the IIA's 2010 International Conference in Atlanta. Posted to ACUA on: 06/29/10
Benford's Law Training and Survey
Hyo-Jeong Kim, PhD student at University of Colorado Denver, and his professors are conducting experimental research on the effect of advanced feature training of generalized audit software such as ACL or IDEA. Hyo-Jeong Kim, PhD student at University of Colorado Denver, and his professors are conducting experimental research on the effect of advanced feature training of generalized audit software such as ACL or IDEA. Hyo-Jeong Kim, PhD student at University of Colorado Denver, and his professors are conducting experimental research on the effect of advanced feature training of generalized audit software such as ACL or IDEA.
Special Offer from Audimation for ACUA Members
IDEA Triple Play Limited Time Offer from Audimation Services - For a limited time this summer, Audimation is offering ACUA members the opportunity to use your 10% discount on the purchase of IDEA and add our Triple Play package for only $200 more.
FTC Pushes Back Identity Theft Rules Deadline
The Federal Trade Commission has once again pushed back its enforcement deadline for an identity theft-related regulation called the Red Flags Rule. The rule requires financial institutions and other organizations that extend consumer credit to develop and implement policies for detecting and preventing identity theft. Before this latest deadline change, the FTC was to have started enforcing the rule on June 1. Under the new deadline, it will start doing so only after Jan. 1, 2011.
IRS Finds Possible Problems With How Colleges Set Salaries and Report Business Income
The Internal Revenue Service has identified several potential problems with tax-code compliance in the first of two expected reports on how colleges conduct their business.
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