As the recipient of sponsored funds, UNO is subject to audits that confirm whether awards were managed in compliance with the sponsor, university, and federal regulations. The compliant administration of sponsored programs protects the University from audit risks, including reputational damage, audit findings and fines, and potential loss of future sponsored program funding.
Procedure
Upon notification of pending audit action, the PI, department/unit/college personnel shall immediately notify their Grants Accountant. OSP Grants Accounting will support UNO faculty and staff in responding to audit inquiries.
Faculty and staff should never respond directly to audit inquiries without first obtaining clear guidance from OSP Grants Accounting.
Types of Reviews and Audits
Internal Audit
Periodically, the Office of Internal Audit will perform an internal audit of operations. These audits are performed to assure that UNO is proactive in our compliance efforts. Through this internal audit process, Operations Analysis works with management to identify potential improvements, provide training moments for staff, as well as share best grant management practices observed in other units across campus.
Desk Audit/Review
For this review, the sponsor contacts the AOR or OSP Grants Accounting and requests backup documentation to support the financial report submitted.
Site Visit
Sponsors will periodically request reviews of files retained at UNO and, in some cases, procedures used to process and monitor transactions within an award. Reviewers typically begin at OSP Grants Accounting. Your grants accountant will obtain the information needed from you to complete site visits. If your department is contacted about a review, coordinate arrangements with your Grants Accountant.
Annual Audit
Each year UNO is required to be audited in accordance with Uniform Guidance 2CFR§200 Subpart F. This audit is coordinated through the University of Nebraska’s Central Administration and the UNL Business and Finance Office.