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Internal Audits
Performed by Boston & Associates, P.C.
Some of these include Internal Audits and Control Reviews of:
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a university bookstore addressing cash receipts, cash register procedures, the reconciliation of cash to the enterprise management system, the reporting of cash, an inventory control review and a gross profit analysis, the hiring and staffing process including the use of agency employees, check cashing and cash advance practices, physical security procedures, and management information system reporting practices
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a college security and parking office addressing revenue recognition and timely recording of cash receipt, review cash remittance procedures, citation payments through university payment cards, cash reconciliation, and the control of parking and permit revenue
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a college human resource department covering segregation of duties, hiring and termination procedures, verification of standing employment data, health, welfare, tuition and retirement benefits, compensation, compliance with contract terms, compliance with regulatory requirements, , and a cost benefit analysis of overtime premium pay
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a university dining facilities audit addressing accountability, physical security including access and the use of cameras, screening and hiring practices, the collection, cash handling, depositing, and recording of cash receipts, an analysis of over-ring and no sale activity, and a review of procedures for staff purchases
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a procurement department-review procurement policies and procedures, review control over procurement cards, review of paid expenditures to confirm that proper documentation was provided and approval obtained, check vendor payment and confirmation of adherence to established procurement procedures, reconciliation of controlled disbursement and concentration accounts, and a review of unclaimed checks policy and practices
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a university student center accounts receivable valuation review, and a review of controls surrounding receivable balances, internal and external billing processes, adjustments, cash receipts and expenditures
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a university’s stored value card review policies and procedures to determine if adequate to safeguard assets (mainly cash) review authorization and monitoring practices, safeguarding cash receipts, reconciliation processes, ,tests for proper documentation for disbursements, and controls over vendors and merchants
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a forensic audit of a YMCA concerning various cash receipts and reconciliation practices and a detailed analysis of a former key employee’s activities
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