Identified and updating supporting documentation for management finding audit adjusting entries related to FY 2020 year-end audit

Compared Banner detail trial balance to audited financial statements FY 2020 to identify beginning balance variances to be investigated

Finalizing account mapping and roll-up between detailed trial balance and financial statements

Completed initial review of the 158 external auditor's FY 2021 request items: 60% ready for Crowe's review, 13% in revision, 27% requires revision

Limited knowledge on prior year activities due to turnover in grant accounting and general accounting teams, resulting in staffing gaps and leading to increased efforts in identifying supporting documentation

The KSU accounting teams are simultaneously working on other competing priorities (i.e., APA request)

Lack of consistent historical bookkeeping and support maintenance, increasing efforts in preparing/updating supporting documentation for audit requests

Lack of documentation on account mapping between the Banner system and Argos reporting tool, increasing efforts in preparing trial balances and financial statements

Finalize support for FY 2020 audit adjustments for interim Controller review

Refresh the FY 2021 trial balance and review for any additional variances and investigate remaining differences

Test account mapping between detailed trial balance to financial statements with refreshed FY 2021 trial balances to identify any mapping adjustments required

Continue to update/develop supporting documentation for FY 2021 audit request items, target completion date of 7/15/2022 KENTUCKY STATE UNIVERSITY