State University of New York
College at Purchase: Selected Financial Management Practices We examined the internal controls over the payroll, personnel and equipment inventory functions at the College of Purchase, and found that significant improvements are needed. For example, we identified employees who did not charge leave credits when they arrived late for work, left work early or were absent from work. We also determined that equipment items are not regularly inventoried. When we attempted to locate 129 of the items listed on the College's inventory records, 26 of the items could not be located. We recommend many improvements in the College's internal controls.
For a complete copy of Report 97-S-64 click here.
For a copy of the 90-day response click here.
For a copy of the associated follow-up report click here.