A sample was audited of Texas A&M University – Central Texas’ (the University’s) payroll, purchase and travel transactions that processed through the Uniform Statewide Accounting System ( USAS) during the period beginning March 1, 2010, through Feb. 28, 2011.
A limited review of payroll deductions and grant transactions was also conducted.
The sample transactions were audited to determine compliance with applicable state laws.
Payroll transactions were audited for compliance with the General Appropriations Act (GAA), the Texas Payroll/Personnel Resource and other pertinent statutes.
Purchase transactions were audited for compliance with the GAA, eXpendit, the State of Texas Procurement Manual and other pertinent statutes.
Travel transactions were audited for compliance with the GAA, Textravel and other pertinent statutes.
The audit of the travel transactions identified the following:
A limited review of the University’s grant payments was conducted. The review consisted of verifying that payments did not exceed authorized amounts. The review of these payments did not include a review of the University’s procedures for awarding these payments or monitoring payments to the grantees; therefore, no opinion is being offered on those procedures.
The University’s internal control structure was reviewed. The review was limited to obtaining an understanding of the University’s controls sufficient to plan the audit and did not include tests of control policies and procedures.
Ten fixed assets acquired by expenditures were selected during the audit period to test for accurate reporting in the State Property Accounting System (SPA) and to verify existence of the assets.