| FINDING | RECOMMENDATION | CONCUR/NON-CONCUR | STATUS | RESPONSIBILITY | TIMELINE |
|---|
| 1 | Improve "tone at the top" of internal control environment | Concur | Ongoing | BOR/President | TBD |
| 2 | Maintain supporting documentation for all expenditures so that audit procedures can be performed | Concur | Completed | CFO | 12/1/22 |
| Establish an organized system for retaining financial and operational records | Concur | Completed | CFO/Legal | 12/31/22 |
| Train staff on the retention of documents | Concur | Ongoing | CFO/Legal | Summer 2023 |
| Invest in an updated financial accounting system and provide appropriate training to all financial personnel | Concur | Ongoing | CFO/CIO | Summer 2023 |
| 3 | KSU Board should actively engage with the internal audit firm | Concur | Completed | CFO | 12/6/22 |
| Implement a hotline so that staff can provide anonymous concerns and complaints regarding the internal audit process and develop policies related to said hotline | Concur | Ongoing | CFO/CIO | Summer 2023 |
| Update KSU website so that hotline is more easily accessible to employees and the public | Concur | TBD | CFO/CIO | Summer 2023 |
| Periodically provide a summary of hotline activity to the Board | Concur | TBD | Internal Auditor | Summer 2023 |
| KSU Board should develop a process by which it can independently keep track of approved contracts and follow up on the status of contracts | Concur | Ongoing | Board/Legal | 4/12/23 |
| Ensure findings and recommendations from the Procurement Card internal audit are reviewed and considered in light of current procedures and activities | Concur | Ongoing | CFO/Internal Auditor | Summer 2023 |