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Regent Barfield called the meeting of the Kentucky State University Board of Regents Audit Committee to order at 12:06 pm on May 11, 2011.

Regent Barfield-Present Regent-Bearden-No Regent-Williams-Present Regent-Reddy-No Dr. Ralph Kimbrough-Present Quorum Established: No

Regent Barfield presented the minutes of the May 11, 2011 Audit Committee meeting.

Action: Approval of the minutes from the May 11, 2011 meeting was postponed due to the fact that the Committee did not have a quorum. The approval of minutes was postponed until the next meeting. Regent Barfield then deferred to Dr. Kimbrough to present his report.

Approval of the minutes from the May 11, 2011 meeting was postponed due to the fact that the Committee did not have a quorum. The approval of minutes was postponed until the next meeting. Regent Barfield then deferred to Dr. Kimbrough to present his report.

Dr. Kimbrough first discussed the changes to the current audit plan. Dr. Kimbrough then discussed the upcoming NCAA audit of the Athletic Department. After discussing these audits, Dr. Kimbrough then reported on the audit activity for the past quarter. First, an audit of the Office of Continuing and Distance Education (OCDE) was completed and an audit report was issued. During this audit, recommendations had been made regarding the improvement in the university's recording of earned grades for the Credit for Life Experiences program. Dr. Kimbrough then stated that he had completed a review of the Talent Search Program during this time. The Internal Auditor noted that the Talent Search coding process, as reviewed by external auditors, had been greatly improved.

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