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_____________________________________________________________________________________________ Audit Committee Approves Audit of Payroll Processing at UW System Last week, the Joint Audit Committee, on which I serve as co-chair, met to discuss a proposed audit of the payroll and benefits system at the UW. You may have heard that the Audit Bureau recently discovered that the system misspent nearly $33 million in public funds. This included $17.5 million in overpayments in employees' retirement contributions and an estimated $15.4 million in overpayments in health insurance benefits. Of the $15.4 million, $8 million were paid for 924 individuals who had left UW employment. The Audit Committee directed the nonpartisan Legislative Audit Bureau to conduct a full audit investigation of UW payroll and benefit processing, as well as its human resource computer system (HRS). The scope of the audit can be found here. If you're interested in watching a recording of the hearing, click here. ____________________________________________________________________________________________
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