An audit is a formal examination of an organization's accounts or financial situation. At RFCUNY, audits are conducted for the purpose of evaluating internal controls, determining compliance with established policies and procedures, and evaluating efficiency and effectiveness of operations. Special projects are also performed in cooperation with other departments to assess or improve operations. Audits are designed to ensure that the Foundation is functioning in the most efficient manner and that internal controls are adequate and effective.
External Audits
- Examinations by external agencies on financial operations, regulation compliance and program activity
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Internal Audits
- Internal investigations to evaluate and ensure compliance with established policies and procedures
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Reporting Fraud/Whistleblower Hotline
- Disclosing suspected improper activity that may negatively affect RFCUNY and its sponsors
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