FSA-2016-6020

The results of our audit identified a deficiency in internal control and/or instance of noncompliance or other matter that is considered reportable under Government Auditing Standards and Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The University did not complete closeout reconciliations of cash receipts and expenditures for federally sponsored research and development (R&D) awards. Details are provided in the Finding, Recommendation, and Response section of the report.