Why are audits necessary?
In recent years, increased decentralization of day-to-day business and economic decisions has occurred in higher education. In addition, the health care industry has become exponentially more complex. Department directors and chairs in the university as well as managers and directors of the health system are often expected to not only be specialists in their academic or medical fields, but also business managers. Managers are responsible for maintaining an adequate system of controls over their business operations and ensuring that resources are applied in the most efficient and effective ways in achieving departmental goals and objectives. These two areas are where Audit and Management Services can help. Audit and Management Services can help management with evaluating the appropriate design of controls and reviewing operational effectiveness.