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REVIEW OF UNM FOUNDATION OPERATIONSTHE UNIVERSITY OF NEW MEXICOReport 201206 August 14, 2012Audit Committee Members J.E. Gene Gallegos, Chair Lt. General Bradley Hosmer, Vice Chair James KochAudit
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Gather all relevant financial documents and records.
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Review the audit checklist provided by the Board of Regents.
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The board of regents audit is a financial examination of a university or college's financial statements and compliance with regulations.
Universities and colleges that are governed by a board of regents are required to file the board of regents audit.
The board of regents audit is typically filled out by the university or college's accounting department or an external auditing firm.
The purpose of the board of regents audit is to ensure transparency and accountability in the financial operations of the university or college.
The board of regents audit must report on the financial statements, compliance with regulations, and any significant financial transactions.
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