SERVICES, LLC to fulfil its Internal Audit function. CBIZ is currently working with the Audit Committee to perform audit procedures as directed. Areas include; operational, financial, information technology, compliance, risk assessments, fraud investigations, advisory and consulting, data analytics and professional training.

Also, CPE has been given oversight responsibilities and has conducted a review of key areas. The review commented in a Management Improvement Plan (MIP). Weekly meeting is held with management and the Board.

Moreover, the Board selected the accounting firm Blue & Co. as the External Auditor. Quarterly reports are provided to management and the Board on outstanding findings and recommendations. Also, a schedule of audit activities is presented to management and the Board.

KSU ethics tip-line hosted by The Security Voice has been fully executed. Testing was completed on May 15th. Security Voice is our external firm hired to be managed hotline to ensure a consistent process is established that will improve and document the procedures to assign, investigate, monitor, resolve, and report concerns and complaints, including those involving potential fraud and abuse.

KSU, in conjunction with its contracted internal auditor and third-party firm, has implemented a hotline to receive anonymous concerns and complaints and develop policies related to the hotline. Also, the ethics hotline will be included in the revised HR policy upon Board approval.

Contracts will be tracked and monitored to ensure terms and conditions are met. President will review and approve contracts as warranted.

KSU shall update the website to make the hotline more easily accessible to staff, students and the public. The ethnic hotline is active and will be posted on the website by June 1, 2023. Periodically summary of hotline activities will be submitted to the Board to ensure their awareness of any significant matters impacting the operations of the University.

KSU has developed a process by which it can independently keep track of approved contracts and follow up on the status of contracts. Currently, all contracts are under review by legal and will be maintained in the Lexicon system as well as Banner going forward.

KSU has reviewed prior year's findings and recommendations from the Procurement Card internal audit, performed by its prior internal auditing firm. The results of this review lead to a request for our current internal audit firm (CBIZ) to conduct a university wide credit card audit of procedures and activities.