The Kentucky State University Bursar Office is a division of Finance and Business Affairs. The Bursar Office provides accurate and timely billing and account services to students, faculty and staff, alumni and others in the Kentucky State University community. Their functions include the assessment of student tuition and fees. They are also responsible for the issuance of student refund checks and the collection and recording of student payments and departmental deposits.
The audit was a result of a special request from the President of Kentucky State University, Raymond M. Burse.
See Observations and Recommendations section of this report.
The Office of Internal Audit has not performed a previous review of the Bursar Office.
The audit was performed in accordance with the International Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Auditors.
An understanding of the internal control structure was obtained in order to support the final opinion.
The review did not disclose any instances of irregularities, any indications of illegal acts, and nothing was detected during the review that would indicate evidence of such. Any significant instances of noncompliance with laws and regulations are reported in the Observations and Recommendations section of this report.
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