Audit
When the University accepts funds from outside organizations for research and other activities, those organizations presume that the University will expend the funds according to the purpose stated in the project proposal, as well as in accordance with all terms and conditions set forth in the award document. In addition, where Federal awards are concerned, the Federal government has an obligation to taxpayers to assure that recipients of Federal funds provide proper stewardship of those funds. Audits are one piece of the overall sponsored project administrative process and provide the important functions of ensuring compliance with pertinent rules and regulations and protecting both University and sponsor assets and interests.