City University of New York
Selected Internal Controls Over Equipment Assets The City University of New York comprises 21 campuses and, at the time of our audit, had about 285,000 items of equipment valued at $283 million. We examined the internal controls established by CUNY for its equipment and found that a number of improvements are needed. For example, CUNY's equipment control manual needs to be updated and clarified. We also visited five campuses and identified significant control weaknesses at two of the campuses. For example, several items listed on the inventory records could not be located and many items at one of the campuses were not listed on the inventory records.
For a complete copy of Report 99-S-42 click here.
For a copy of the 90-day response click here.
For a copy of the associated follow-up report click here.