We anticipate the following activities and timeline to accomplish our internal audit plan for the 2014 – 2015 year, which may be amended from time to time (if need be) to address any emerging high-risk issues identified:
Transaction Cycle/Area Interviews and Walkthroughs Control Testing Performed Recommendations Proposed
Student Financial Aid (SFA) ■ Reporting (SFA –RP) X October January
Student Financial Aid (SFA) ■ GAP’s and Cash Management (SFA – CM) X October January
Student Financial Aid (SFA) ■ Administrative Capability (SFA – AC) January April June
Land and Other Grants (G) October January April
Payroll and Personnel (PP) October January April
Travel & Entertainment (T&E) January April June
Debt (D) X October January
Accounts Receivable and Collections (AR) January April June
Auxiliary Enterprises - Xerox (AE) X October January
Information Technology (IT)* October October January
*In the area of Information Technology, our focus will be to analyze the status of management's progress in implementing our recommendations resulting from our Final Risk Assessment Report for fiscal 2012-2013.
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