Irregularity refers to the intentional misstatement or omission of significant information in accounting records, financial statements, other reports, documents or records. Irregulatities include (a) fraudulent financial reporting which renders financial statements misleading and (b) misappropriation of assets. Irregularities involve:
- Falsification or alteration of accounting or other records and supporting documents
- Intentional misapplication of accounting principles
- Misrepresentation or intentional omission of events, transactions, or other significant information.
Auditors are not specifically searching for the existence of fraud when performing audits. We are more concerned with ensuring that adequate systems of internal control exist to reduce the risk of fraud. In situations where internal controls are weak, our testing is designed to determine if indications of fraud exist.
To report a fraud, you may report to Confidential Hot line or directly to the Internal Auditor by mail, campus zip 3171, or telephone 208-885-2133. Please provide sufficient details to allow investigation of the allegation.