The internal auditors of a large university were assigned to audit the student aid office. Three audit
Question:
The internal auditors of a large university were assigned to audit the student aid office.
Three audit questions were:
1. What are the comparative proportions of funds processed for
(a) student loans and
(b) student scholarships for the federal government, the state government, and private sources?
2. Are student loans and student scholarships growing adequately to meet student demands and to attract top scholars?
3. How efficiently are student loans and scholarships being administered in terms of cost to the university?
Required:
Prescribe analytical review tests to answer each of the three questions. You may have more than one test for each question, since each question contains more than one subquestion.
Step by Step Answer:
Internal Auditing: Principles And Techniques
ISBN: 9780894131677
1st Edition
Authors: Richard L. Ratliff, W. Wallace, Walter B. Mcfarland, J. Loeboecke