The University is subject to many different types of external audits. As a State organization performing research and public service functions for government, industry and foundations, our accounts and systems are subject to review and scrutiny by many governmental agencies or private entities. In addition, the University and the State of Ohio contract with an outside independent accounting firm for an annual financial audit of the University and the Hoxworth Blood Center.
To ensure consistency, all audits are coordinated through the Office of the Controller of the University regardless of the nature and subject. That office keeps abreast of federal and state regulations and has access to an informal network concerning other audits at colleges and universities for purposes of information exchange.
Upon notification that an audit, review, site visit (or the like) is to occur, please call the Controller's Office (556-0658) to receive instructions pertaining to the conduct of an audit, participants and schedule. Generally, an audit includes both an entrance and an exit interview to summarize their schedule and plans (entrance interview) or recommendations, findings, penalties and disallowances (exit interview). A representative from the Treasurer's Office should be present at all such interviews. All additional interviews with central or departmental offices should be coordinated with the Assistant Treasurer.