1. Sponsored Programs at Penn
Audits

2. Preparing for Audits

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

4. 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

5. 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

6. 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

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