KENTUCKY STATE UNIVERSITY Audit Committee Audit Plan for 2008-2009

Audit Focus

• Review login and password use by employees, paying particular attention to use of duplicate logins or passwords;
• Examine notification process with regard to IT when employees transfer or leave university employment;
• Examine non-business use of computers;
• Test journal entries for clear descriptors of purpose and for essential supporting documentation;
• Examine documentation necessary for formal approval of federal draw downs and the reconciliation of these draw downs;
• Review researcher time certification and proper uses of federal property;
• Protecting the university from fraud;
• Examine availability of performance evaluations;
• Ascertain whether performance evaluations are kept in a secure area;
• Perform test to ascertain correctness of deduction calculations regarding actual deductions;
• Review campus safety issues in conjunction with the Business Continuity and Disaster Recovery Plan;
• Review inventory tracking system regarding receipt of vendor goods and payment of vendor invoices;
• Test Perkins Loan allocations:
• Check the community service wages under the Federal Work Study Program; and
• Examine eligibility of student-athletes receiving work-study monies-- federal and on-campus.

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