Chart 1 – Available Audit Resources (by Core Service)

6. Allocation of OIA Resources. The Office of Internal Audit's resources were allocated to each of the projects ranked as high risk. This was done in order to provide complete coverage of these projects.
7. The audit cycle required to provide coverage of all high risk areas is approximately 15 years.
7. Audit Plan Completion. The final audit plan was developed by assigning the audit units (with OIA resources allocated) to a specific fiscal year. The capacity and capability of the Office of Internal Audit was evaluated to ensure the project can be performed. In some cases, such as Information Technology services, external consultants are required. In developing the final plan, the following factors were considered:
8. Alignment with Kentucky State University's core strategic objectives
9. Enterprise-wide processes and tasks
10. Mitigation of Kentucky State University's major risks
11. Impact on service delivery efforts
12. Coverage of all strategic objectives and Kentucky State University Departments

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