Cash Loss Audits

In the event of an actual or suspected cash shortage or loss, all entities of University of Montana campuses must immediately contact the designated office on their campus which shall notify the Internal Auditor. Based on the circumstances surrounding the loss-shortage, an investigation or audit may be performed and, if appropriate, the Internal Auditor will prepare a report on the incident. The report of the Internal Auditor shall be promptly submitted to the President, who shall provide a copy to the Commissioner of Higher Education if it contains a conclusion that there has been or may have been a violation of institutional or system policy or of state or federal law.