On Living With Auditors. Studies in Management; Vol. 4, No. 2, October 1974.

A competent staff in financial administration at an institution of higher education is not adequate in itself. The volume of transactions is too great, the external restraints too numerous, and the stakes too high to deny the value of an independent audit. It is in the best interests of the institution to develop a receptive attitude toward auditors and to assist in facilitating the conduct of the audit. Steps that both the institutional staff and the auditors can take to contribute toward improved mutual relationships in financial audits are presented. (MJM)