Internal Audit Quarterly Report

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Internal AuditQuarterly Report
Board of RegentsFinance, Audit and Capital Study
SessionSeptember 7, 2005
2
2005 Internal Audit Annual Report

• Summary of FY 2005 internal audit-related
  activity
• Functional report overall summary of audit
  results
• Administrative report summary of Internal Audit
  activity as compared to FY 2005 plans

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2005 Internal Audit Annual Report

• Summary of Audit Results
• 1. Managements Remedial Actions Related to Risks
  Identified in FY 2005
• Establish objectives/expectations/processes for
  risks not previously addressed - 15
• Segregation of duties - 21
• Routine monitoring - 13

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2005 Internal Audit Annual Report

• Summary of Audit Results
• 2. Significant Institutional Risks Outstanding
• Security of information
• Journal entry documentation
• Faculty appointment compliance controls
• Physical asset security
• Unit level financial oversight/management

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2005 Internal Audit Annual Report

• Summary of Audit Results
• 3. Resolution of Outstanding Audit Comments
• Number of Outstanding Audit
  Comments
•   UCB UCCS UCDHSC SYS Total
• June 30, 2004 40 9 3 25 77
• Added 20 25 17 9 71
• Resolved 39 24 5 5 73
• June 30, 2005 21 10 15 29 75

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Quarterly Audit Report

• External Audits
• FY04 FY05 Financial and Compliance Audits
• Performance Audits Foundation and UCB Football
  Program
• Higher Ed Personnel Exemption Process Audit
• Office of Naval Research Property System Review
• Department of Personnel Total Compensation and
  Records Management Audits UCB, SYS, UCCS,
  UCDHSC-D

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Quarterly Audit Report

• Internal Audits
• UCB Bookstore Cash and Inventory Controls
• UCCS Sponsored Projects
• UCDHSC-H Animal Use and Care

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Quarterly Audit Report

• Long Outstanding Internal Audit Comments
• Employee SSN and I-9 Policies - update
  system-wide policies on collection and retention
  of SSN and I-9 info implement controls to timely
  correct inaccurate SSN information - SYS
• SIS Interfaces use of secure file transfer
  protocols - SYS
• Faculty Personnel Actions convene working group
  to review/modify HR personnel action process and
  access (SYS) address feasibility of Board to
  chancellor delegated personnel authority for
  certain employee groups (UCB)