on hold, as it slowed significantly due to the department’s staffing situation. Also, the Fixed Asset Existence audit is in the preliminary stages of collecting evidence, and a campus walkthrough to verify and validate assets is being planned.

Mr. Martin stated that the Sodexo invoice review and Banner license review will be the next reviews to be conducted, as well as additional process areas of audit and other reviews identified throughout the year.

Regent Hatchett requested an anticipated timeline for expected progress and completion of the activities described by Mr. Martin.

As to the audits conducted in FY 22 and 23, Regent Dukes asked when subsequent reviews to ensure that all identified issues had been remedied were planned to occur.

Regarding the CBIZ Internal Audit Update PowerPoint slide, Regent Hatchett queried whether Mr. Martin was still comfortable with the timelines presented.

Regent Dukes inquired how the risk and controls matrix, as required by the Management Improvement Plan, was progressing as a whole.

Regent Dukes requested that Mr. Martin specifically examine the purchasing process to ensure that all appropriate and necessary approvals had been obtained.

Regent Dukes asked where we are in making sure that Banner is being used to its maximum functionality in managing the University's purchasing and payables.

Chair Hatchett thanked Mr. Martin for his presentation.

This agenda item was presented by Mr. Allen Norvell CPA, Director, Blue & Co. Mr. Norvell began by sharing highlights of the audit report of FY 21, which has been finalized.

Regent Fletcher inquired as to the status of that reporting that is required for the HEERF program and other federal grant programs. Mr. Justin Peach, Budget Director and Interim Grant Accounting Manager and Budget Director, joined Mr. Norvell in responding.

Regent Fletcher presented a question regarding the submission of various report components. He also queried whether the single audit had been reviewed and if all findings had been addressed. Ms. Tonya Walker, Controller, clarified that the FY 21 audit was uploaded to the Federal Audit Clearinghouse and to Easy Audit, and no recipients had reached out with additional questions or to request any other detailed information.

Regent Dukes inquired when the FY 22 audit would be completed.

Chair Hatchett asked Mr. Peach whether the unresolved finding has been undertaken in the work that he is doing with the federal government.

Mr. Norvell continued the presentation with an update on the FY 22 audit and a discussion of the remaining tasks.

Chair Hatchett requested Chair Dukes to include in the next Board agenda a discussion regarding Banner.

Chair Hatchett thanked Mr. Norvell for his presentation.