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. |
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Recommendation Number | 1.3 |
Recommendation Status | Closed |
Significant Recommendation | Yes |
Recommendation Questioned Costs | $0 |
Recommendation Funds for Better Use | $0 |
Submitting OIG | |
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Linked Report |