Question
For-profit entities receive financial audits and sometimes internal-control audits. Government entities also receive financial audits but there are additional internal audits. The NYC Comptroller Office
For-profit entities receive financial audits and sometimes internal-control audits. Government entities also receive financial audits but there are additional internal audits. The NYC Comptroller Office (2020) under Comptroller Scott M. Stringer, who is elected independently of the mayor, performed various additional audits beyond the external financial audit (we will review the external audit later if time allows). The Comptroller randomly audits various city agencies. One bit of trivia related to this example is that CUNY senior colleges are funded by the State, while the junior colleges are funded primarily by the City.[1] As a junior college funded by the City, Kingsborough Community College falls under the Comptrollers auditing responsibility.
1 .In one word, state the general category of audit that the Comptrollers office conducted on Kingsborough. Hint: it was not a financial audit (also not strictly an internal-control audit). Hint: Review the solutions to Government multiple-choice homework.
2. Did KBCC implement the recommendation?
3. Choose another audit contained in the Report and compare it to the KBCC audit. See also pages 99-104 on the number of recommendations made by each report. In your answer, please use page numbers to reference the other report
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