The University’s internal auditor issued a report that identified missing funds totaling $58,554 in the Department of Recreational Services (DRS) as a result of control deficiencies over cash. In addition, the report noted that additional funds could be missing because some pre-numbered receipts had been totally removed from the receipt books and approximately three months of cash register tapes were not located. The internal auditor’s test of controls covered a period from May 28, 2010, through August 1, 2012.
See here the complete report.
It should also be noted that management has instituted corrective actions to prevent future recurrences of the problem.