The report is sent to the audit committee of the Board of Trustees, the external auditors, the President, the Vice President for Business and Finance, and the administrators to whom the department reports. The report may also be sent to other departments that are affected by the issues in the report. The first draft of the audit report is sent to the department director and others involved in the issues noted. We meet with management in a closing meeting to discuss the issues. A second draft of the report is issued with a request for management to respond to the recommendations.
Management prepares a response to the recommendations.
The final report includes the issues noted and management's responses. The report is sent to the Audit Committee of the Board of Trustees, the external auditors, the President, the Vice President for Business and Finance, and the administrators to whom the department reports. The report may also be sent to other departments that are affected by the issues in the report.