Of the current number of CLA audit requests, 61% have been provided. We expected this number to increase as CLA begins their audit work.
62% of the accounting support items are in progress or complete.
These are not direct requests from the Auditor but are necessary steps to finalize the Trial Balance.
| Not Started | In Progress | In Review | Provided | Total | |
|---|---|---|---|---|---|
| Auditor Requests | 30 | 23 | 3 | 86 | 142 |
| Accounting Support | 29 | 25 | 16 | 7 | 77 |
| Total | 59 | 48 | 19 | 93 | 219 |
Pre-review significant balances and areas heavily focused on in the prior year audit
- Calculate adjustments where necessary
Refine supporting documentation
Liaise with the audit team and KSU stakeholders, coordinating follow ups and providing required responses
• Continued turnover of University staff and loss of institutional knowledge
Expanded scope into accounts not previously reviewed or reconciled
KSU accounting teams have simultaneous competing priorities
Inconsistent historical bookkeeping and support maintenance