Internal Property Audits
The Property Management will coordinate all property audits with campus departments to ensure that all transactions are accurate and timely. Campus departments will be notified prior to the audit.
The Property Management reserves the right to conduct periodic audits without prior notification as needed in order to ensure that laws, regulations and contractual requirements are being met.
The Property Management will forward the audit findings to the Department Property Officer and the Appropriate Administrator. An audit summary report will be provided to the AVP of Finance.
External Property Audits
The CSU Chancellor conduct broad, procedural, audits on a regular basis. These audits may be property-specific or include property-related transactions as part of other system audits.
The purpose of these audits is to determine whether the policies and procedures which reflect government, other sponsor and Cal State LA requirements are documented, and established standards are met. Successful completion of these audits is critical to ensure appropriate systems controls are in place to mitigate financial or compliance risk as well as continued approval of Cal State LA property management system.