CLA is in the preliminary stages of the 2024 financial statement and single audit. As of 7/23/2025, the following auditing procedures have been performed:
Selected major federal programs that require a compliance audit.
Made sample selections for the student financial assistance cluster. Testing has started for support received from the University.
Pre-engagement activities such as signing the statement of work, preparing our planning audit program and procedures, updating our annual client acceptance documents.
Sent management accounts and balances for preparation of confirmation requests (cash, debt, investments).
Held weekly status meetings to understand where the University is with its closing process.
Update our understanding of the University documentation.
Preliminary risk assessment prepared.
Made a preliminary sample and performed testing of general disbursements.
Updates made to our internal control documentation where information was available.
Sample selected for non-standard journal entry testing.
Substantive testing has not begun and will commence once management informs CLA that sections are ready to be audited.
Made a sample selection of credit card statements and individuals to test.
OPEB and pension samples made and CLA performing the testing over the support provided by management.