An Audit Report on Financial and Operational Processes at Midwestern State University
Report Number 12-044
Midwestern State University (University) has generally implemented controls over its financial and administrative processes, but it should make improvements in certain areas. Auditors determined that the University:
- Should improve controls over its purchasing, contracting, and procurement card processes.
- Had adequate controls over donations, financial reporting, and assets, but it should improve certain aspects of controls in those areas.
- Had adequate controls over payroll.
- Had adequate controls to protect data in the information systems tested, but it should make certain improvements in areas such as physical security, data backups, and user access.
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