Kentucky State University Initial Risk Assessment (continued)

We have developed the risk assessment around the following significant transaction cycles as a means by which the associated risks can be easily understood and managed:

General Control Environment (GC)

Student Financial Aid (SFA)

Land and Other Grants (G)

Capital Assets (CA)

Information Technology (IT)

Purchasing, Accounts Payable, and Disbursements (PA)

Payroll and Personnel (PP)

Financial Reporting (FR)

Travel & Entertainment (T&E)

Auxiliary Enterprises (AE)

Investments (I)

Debt (D)

Accounts Receivable and Collections (AR)

3