A new auditing standard is in effect for this year’s annual financial report. Auditing standards describe how an auditor performs his/her work – so this applies to the University’s external auditors. The new standard describes how internal control issues are communicated to governing boards. All external auditors, whether with the state, federal government, or some other auditor will be adhering to this new standard. For more information on what we’re doing to prepare, please click on the following link https://fbs.admin.utah.edu/download/controller/financialreportmeetingsdescription.pdf
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