Sponsored Programs at Penn Audits

Preparing for Audits

Applicable Regulations Audited on compliance with all applicable regulations & policies Federal State Sponsor Specific award terms University

Types of Audits Pre-Award Audits Agency or Programmatic Audits Internal Audits Investigative/Criminal Audits Compliance Audits F&A Cost Proposal Audits Uniform Guidance Annual Audit

Audit Principles Good award management is the key to good (uneventful) audits Audits are everyone’s responsibility PI, BA, School, Pre and Post-award in ORS Don’t go in alone Audits may provide feedback for process improvement Audit results can be expensive ORS & PI have a responsibility to educate the auditor about the purposes of the project

Lessons Learned Salary Charges on Awards Cost Transfers Effort Communication with PI Cost Transfers Documentation Recording / Monitoring Prior Approvals / Allocations / Delegation Proper inventory of equipment Tag & document transfer, move and/or disposal

If you are contacted by a sponsor regarding an audit…cuentation …Contact ORS Executive Director