|Text of Recommendation|| |
Direct UI to strengthen its monitoring procedures and internal control processes for applying indirect costs to federal awards. Updated procedures should ensure: • UI applies the appropriate indirect cost rates to cost transfers processed in a different fiscal year than the year in which UI originally incurred the expense. • UI appropriately accounts for equipment purchases as capital assets.
|Recommendation Number|| |
|Recommendation Status|| |
|Significant Recommendation|| |
|Recommendation Questioned Costs|| |
|Recommendation Funds for Better Use|| |