Regent Barfield called the meeting of the Kentucky State University Board of Regents Audit Committee to order at 12:01 on January 25, 2013

Regent Barfield-Yes Regent-Bearden-Yes Regent-Reddy-Absent Regent-Williams-Absent Quorum Established: - No

Regent Barfield welcomed the Audit committee members and introduced Mark Ferm Internal Auditor from Tronconi Segarra & Associates. Regent Barfield noted that the October 26, 2012 minutes will be approved at the next Audit Committee meeting.

DISCUSSION: Mr. Ferm presented an overview of the Audit Assessment which included the continuation of the internal audit plan. Mr. Ferm explained that the team looked to be on schedule. Regent Barfield thanked Mr. Ferm for the presentation and their continued efforts to complete the audit in a timely manner.

Action: Motion to adjourn by Regent Bearden and seconded by Regent Barfield. Meeting was adjourned at 12:14 pm

Submitted by:

Approved by:

Regent Mindy Barfield, Chair Internal Audit Committee Board of Regents

___ Approved with no corrections ___ Approved with corrections

Regent Mindy Barfield, Chair Internal Audit Committee Board of Regents