AUDITING IN HIGHER EDUCATIONAL ORGANIZATIONS

Abstract

Auditing in higher educational organizations is of paramount importance to ensure fiscal responsibility, maintain public trust, and provide transparency in the utilization of resources. Higher education institutions, often multifaceted in their revenue streams, handle a combination of public funding, tuition fees, research grants, and philanthropic donations (Smith, 2018). Given this diverse financial landscape, auditing becomes essential not only for regulatory compliance but also to assure stakeholders about the responsible management of funds (Jones & Roberts, 2019).