| Organization: | Office of the State Auditor |
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| Date published: | March 12, 2019 |
Executive Summary
In accordance with Section 12 of Chapter 11 of the Massachusetts General Laws, the Office of the State Auditor has conducted a performance audit of the Massachusetts State College Building Authority (MSCBA) for the period July 1, 2016 through March 31, 2018.
In this performance audit, we determined whether MSCBA properly administered its design and construction contracts. We also determined whether MSCBA had developed an effective strategic plan to address the housing needs of students at Massachusetts state colleges and universities. Finally, we evaluated whether it complied with Section 14C of Chapter 7 of the General Laws regarding providing financial data to the Executive Office for Administration and Finance (EOAF) for public disclosure.
Below is a summary of our findings and recommendations, with links to each page listed.
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MSCBA did not ensure that the financial information it submitted for inclusion on the Comptroller of the Commonwealth’s CTHRU website was accurate. |
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MSCBA should develop policies and procedures to ensure that the financial information submitted to EOAF for inclusion on CTHRU reconciles to its general ledger. |
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MSCBA’s system of internal controls needs improvement. |
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MSCBA should take the measures necessary to improve its system of internal controls, including performing an entity-wide risk assessment and then developing controls (i.e., policies and procedures) to mitigate identified risks; developing a business continuity plan; and annually testing its disaster recovery plan. |
A PDF copy of the audit of the Massachusetts State College Building Authority is available here.
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