State University of New York
Equipment Controls and Compliance with Reporting Requirements We examined the controls over equipment inventories at five selected SUNY campuses. We found that the equipment inventory controls at the campuses were generally adequate, to the extent we were able to account for nearly all of the equipment items we selected for verification. These campuses should be acknowledged for these results. However, we also identified the need for improvements in certain controls. For example, physical inventories were not always performed annually or by staff who were sufficiently independent of the items being inventoried.
For a complete copy of Report 2008-S-46 click here.
For a copy of the 90-day response click here.
For a copy of the associated follow-up report click here.