Audit Timing
Annual
These audits are conducted on an annual basis, such as year-end inventories.
Special Project
The audits are conducted at any time as requested by the university president, the
Board of Trustees, or a member of the Executive Staff. They usually take precedence
over the audit schedule.
Interim
These audits are conducted within the fiscal year, and are usually picked randomly
concerning their timing.
Survey
These audits are conducted at predetermined dates and times that are picked uniformly
to detect patterns of activity by transaction level or dollar amount.
