The NYC Comptroller Office 2020

    For-profit entities receive financial audits and sometimes internal-control audits. Government entities also receive financial audits but there are additional internal audits. The NYC Comptroller Office (2020) under Comptroller Scott M. Stringer, who is elected independently of the mayor, performed various additional audits beyond the external financial audit. The Comptroller randomly audits various city agencies. One bit of trivia related to this example is that CUNY senior colleges are funded by the State, while the junior colleges are funded primarily by the City. As a junior college funded by the City, Kingsborough Community College falls under the Comptroller’s auditing responsibility. City of New York, Office of the Comptroller (2020, February 28), Report to the Mayor and City Council on City Comptroller Audit Operations Fiscal Year 2019. https://comptroller.nyc.gov/wp-content/uploads/documents/AuditAnnual2019.pdf 1. In one word, state the general category of audit that the Comptroller’s office conducted on Kingsborough. 2. Elaborate on your previous answer. What does such an audit cover and why is it required of government entities and not of for-profit entities? 3. What did the audit find? 4. Did KBCC implement the recommendation? 5. Choose another audit contained in the Report and compare it to the KBCC audit. See also pages 99-104 on the number of recommendations made by each report. In your answer, please use page numbers to reference the other report.