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AN INTERNAL CONTROLS TUNE-UP FOR COLLEGES & UNIVERSITIES WILL ACHIEVE COST SAVINGS & GREATER EFFICIENCY

Academy of educational leadership journal, 2014-10, Vol.18 (4), p.245 [Peer Reviewed Journal]

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Title:
AN INTERNAL CONTROLS TUNE-UP FOR COLLEGES & UNIVERSITIES WILL ACHIEVE COST SAVINGS & GREATER EFFICIENCY
Author: Holter, Norma C ; Seganish, W Michael
Subjects: Colleges & universities ; Cost control ; Cost reduction ; Employees ; Executives ; Internal auditors ; Internal controls ; Risk assessment ; Studies
Is Part Of: Academy of educational leadership journal, 2014-10, Vol.18 (4), p.245
Description: Because college tuition has risen faster than inflation, it is a highly discussed topic today. Universities must do more with less by controlling costs. Being cost conscious must become more of a priority. President Obama, in his 2012 State of the Union address, and in his 2013 State of the Union address which introduced the concept of a College Scorecard for affordability and value, stated that future federal funding will be contingent on institutions keeping costs in line. This article provides some guidance for colleges by suggesting questions for an initial interview with various department managers in areas that may not be considered high risk but may yield cost savings. A tune-up/up date of internal controls could also achieve savings or efficiency.
Publisher: Arden: Jordan Whitney Enterprises, Inc
Language: English
Identifier: ISSN: 1095-6328
EISSN: 1528-2643
Source: ProQuest Central

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