NAV  University Enterprises Inc.

Annual Audits Scheduled for May

SACRAMENTO, Calif., April 12, 2017 – Independent auditing firm K·Coe Isom will begin work on the annual financial audits for University Enterprises, Inc. (UEI) as well as the federal audit of grants and contracts (formerly known as the A-133 audit), on May 22.  Interim fieldwork is scheduled to end May 26. For grants or contracts selected for review by the auditors, account administrators may ask the PI/PD to provide documentation or information related to project activities not on file with Sponsored Programs Administration (SPA). Examples include but are not limited to:

  • Participant information (i.e. stipend applications and support documentation for meeting criteria) Auditors can review participant files at the program’s office or files can be delivered to SPA and will be secured.
  • Subrecipient monitoring documentation such as meeting agendas/minutes or progress reports.
  • Copies of program reports submitted to granting agency and/or support documentation for data or assertions made in reports.
  • Auditors may also request a meeting with the PI/PD to review participant requirements or program reports.

If you would like more information or have any questions, please contact your account administrator.