Reporting audit findings to university management is really important. It helps them make quick decisions and fix problems.

1. Regular Reporting Schedule:

   • Audit findings should be shared every three months. This way, management can keep up with ongoing issues.

2. Annual Review:

   • It's also important to have a big report once a year. This report should sum up all the findings from the year. It should include trends in following rules and how well they are performing compared to goals.

3. Immediate Reporting:

   • If there are big problems, they should be reported right away—within two days. This helps ensure that action can be taken quickly to reduce risks.

4. Statistical Insights:

   • Research shows that when audit findings are reported often, about 75% of the time, it leads to better rule-following and fewer mistakes.

By following these reporting practices, universities can be more open and responsible about their financial work.