NCJ Number
46528
Date Published
1977
Length
7 pages
Annotation
AN INFORMATION AUDIT CONDUCTED TO ASSESS THE ACCURACY OF THE DATA REFLECTED IN THE BARAT COLLEGE PROSPECTUS IS DESCRIBED.
Abstract
THE AUDIT, WHICH WAS CONDUCTED BY A TEAM OF OUTSIDE OBSERVERS, ALSO WAS INTENDED TO TEST THE FEASIBILITY OF THE METHOD FOR USE IN OTHER INSTITUTIONS. THE PROSPECTUS EDITOR AND THE AUDITING TEAM REVIEWED FINANCIAL AUDITING THEORY AND PRACTICE AND AGREED UPON GENERAL PROPOSALS FOR THE EXPERIMENTAL AUDIT. ALL DATA FROM WHICH THE DRAFT PROSPECTUS HAD BEEN CONSTRUCTED WERE MADE AVAILABLE TO THE AUDITORS, WHO AGREED NOT TO JUDGE THE COLLEGE'S OBJECTIVES, ACADEMIC PROGRAM QUALITY, OR FINANCIAL PRIORITIES, BUT ONLY TO DETERMINE WHETHER THE PROSPECTUS WAS BASED ON CURRENT, UNBIASED FACTS AND PRESENTED IN AN UNAMBIGUOUS MANNER FOR PROSPECTIVE STUDENTS. THE ACTUAL AUDIT TASK PROVED RELATIVELY EASY, ALTHOUGH TEDIOUS. THE AUDITORS QUESTIONED AND CHALLENGED MANY STATEMENTS AND STATISTICS. THE EXCHANGE BETWEEN THE COLLEGE AND THE AUDITORS LED TO SEVERAL IMPROVEMENTS IN THE PROSPECTUS. THE IMPORTANCE OF BEING ABLE TO TRACE THE PROCESS BY WHICH THE PROSPECTUS HAD BEEN CONSTRUCTED WAS BROUGHT OUT. GENERAL STANDARDS USED IN FINANCIAL AUDITING WERE FOUND TO APPLY TO THE SELECTION OF THE INFORMATION AUDIT TEAM. THESE AND OTHER ASPECTS OF THE BARAT COLLEGE INFORMATION AUDIT EXPERIENCE ARE DISCUSSED. THE ISSUE OF AUDIT SPONSORSHIP IS RAISED. (LKM)