RALEIGH — The N.C. Auditor’s Office is developing a “strategic auditing” process to help identify unusual trends and potential problems in state spending, State Auditor Leslie Merritt said last week. The strategic auditing process will use existing hardware, software and skills in the Information System Auditing Division to analyze millions of state transactions, far more than normally are checked during a regular agency audit.
RALEIGH — Hundreds of state-funded nonprofit organizations that had been late filing required reports are now in compliance with the law, State Auditor Les Merritt said Monday. Merritt notified about 1,100 organizations in April that they had been late filing reports. By Friday almost 900 of them had sent the reports in, he said in a press release. After the mailings last month, Merritt’s staff followed up with phone calls explaining the state's reporting requirements, he said.
RALEIGH – The North Carolina Community College System does not have supporting documentation “to ensure appropriate internal controls” are in place regarding the system’s College Data Accounting System Application, according to an audit released Wednesday by State Auditor Les Merritt. A similar finding was found in last year’s audit. There were no financial statements in the audit. According to the audit, community college system personnel told auditors that modifications and implementation of the documentation were performed by different personnel within the system. However, the audit states that no evidence could be found to back up the claim.
CHAPEL HILL – UNC-Chapel Hill reported net assets for the 2004 fiscal year of $2.2 billion, an increase of $216 million, according to an audit recently released by State Auditor Les Merritt. That same audit also cited reporting violations at UNC-Chapel Hill regarding the institution’s noncompliance with the state’s daily deposit and reporting law. In spite of these minor auditing violations, the report states that the school’s financial position “remained solid.” “Management’s view is that the [u]niversity is well positioned to continue demonstrating excellence in teaching, discovery, and public service,” the audit states.
