Types of Audits
A department review is limited to interviews with department personnel, completion of selected testing procedures, and observations. Its purpose is to evaluate the adequacy of controls, safeguarding of assets, efficient use of resources, and integrity of financial information, within the context of the above limitations. The department review addresses those administrative functions generic to any operating unit.
A functional review is similar to a department review except that only one of the administrative functions listed above is reviewed. Common functions that are the focus of a functional review include: cash receipts and revenues, purchasing and disbursements, or sponsored programs.