We proposed the following three-year rotation plan as a result of our initial risk assessment reported to the audit committee on July 27, 2012. We find no reason to deviate from this rotation plan at this time:
Transaction Cycle/Area Fiscal 2012-2013 Fiscal 2013-2014 Fiscal 2014-2015
General Control Environment (GC) X
Student Financial Aid (SFA) X X X
Land and Other Grants (G) X X X
Capital Assets (CA) X
Information Technology (IT) X
Purchasing, Accounts Payable, and Disbursements (PA) X
Payroll and Personnel (PP) X X
Financial Reporting (FR) X
Travel & Entertainment (T&E) X X X
Auxiliary Enterprises (AE) X