Procedures ..... 168
Annual Financial Statement Audit ..... 171
Policy ..... 171
Procedures ..... 171
Planning ..... 171
Year-end Closing Entries ..... 171
Field work ..... 172
Draft Audit Report ..... 172
Final Audit Report ..... 173
External reporting ..... 174
Policy ..... 174
Procedures ..... 174
Tax Filing IRS forms 990 and 990T ..... 174
EADA/NCAA Financial Report ..... 175
FD Reports (state) ..... 176
IRS 1099-MISC and 1099-NEC Filings ..... 176
IRS 1098-T Filing ..... 176
Payroll Tax Reporting ..... 176
IPEDS Financial Report ..... 176
Risk management ..... 178
Policy ..... 178
Procedure ..... 178
Document Retention ..... 179
Policy ..... 179
Information Technology ..... 181