At the July 21, 2016, Board of Regents Meeting, a motion was made to approve the Office of Internal Audit's Fiscal Year 2017 Audit Plan. The motion was unanimously approved. Three of the core services offered by the Office of Internal Audit were outlined in the plan. These included Assurance, Consulting, and Integrity services. Assurance projects consume the bulk of the resources dedicated towards audit projects. During the first quarter of Fiscal Year 2017 (July 1 through September 30, 2016), 25% of the planned assurance engagements were on-going, 75% were not started, and none were planned to be postponed. Overall, approximately 63% of the 8 projects included in the plan have been completed or are on-going, while approximately 37% of the projects have not been started. Please see the table below.
Audit Plan Status
| Core Service | Department | Project Name | # of Projects | Complete | Ongoing | Not Started | Postponed |
|---|---|---|---|---|---|---|---|
| Assurance | Business Affairs | Printing Contract | 1 | 0 | 0 | 1 | 0 |
| Assurance | President's Office | Presidential Expenses | 1 | 0 | 0 | 1 | 0 |
| Assurance | Business Affairs | Vendor Payment Process | 1 | 0 | 1 | 0 | 0 |
| Assurance | Enterprise | Grants | 1 | 0 | 0 | 1 | 0 |
| Assurance Subtotal | 4 | 0 | 1 | 3 | 0 | ||
| % of Assurance Subtotal | 0% | 25.0% | 75.0% | 0.0% | |||
| Consulting | Board of Regents | Special Request | 0 | 0 | 0 | 0 | 0 |
| Consulting | Enterprise | Self-Assessment Guide | 1 | 1 | 0 | 0 | 0 |
| Consulting | President's Office | Special Request | 1 | 1 | 0 | 0 | 0 |
| Consulting | Enterprise | Cash Handling Training | 1 | 1 | 0 | 0 | 0 |
| Integrity | Enterprise | Tipline Complaints | 1 | 1 | 0 | 0 | 0 |
| Total | 8 | 4 | 1 | 3 | 0 | ||
| % of Total | 50% | 13% | 37% | 0% | |||
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