Office of Internal Audit  
 
1
    FY 2013-2014 Annual Plan  
    Beginning November 4, 2013 
 
 
Activity 
 
 
 
      Hours 
 
Notes 
Administration 
 
 
 
     Audit Committee and Board Support 
120 
 
 
     Preparation and Update of Risk Assessment 
200 
 
 
     Preparation of 2013-14 / 2014-15 Audit Plan 
33 
 
 
     Office Administration - recruiting, interviews etc. 
100 
 
Vacant Admin Asst position 
     Continuing Education/Professional Development 
70 
 
CPE/Certification and Licensing 
     FY 2013 Financial Audit (outsourced) 
50 
 
Contract administration, negotiation and 
monitoring 
     FY 2014 Financial Audit (outsourced) 
100 
 
Contract administration, negotiation and 
monitoring 
                             Administration – Total Hours 
673 
673 
 
 
 
 
 
Planned Audit Activity 
 
 
 
     Review Prior audits and update status 
100 
 
Update status of prior audits 
Institutional Advancement 
 
 
 
     Review of Gift agreements 
100 
 
2012 Audit Plan Requested Audit 
     Review of Scholarship Endowments 
100 
 
2012 Audit Plan Requested Audit 
Information Technology 
 
 
 
     Risk Assessment - Outsourced 
100 
 
Risk Assessment 
Provost 
 
 
 
     Cooperative Extension Service Grants 
200 
 
Compliance, process & controls review 
                             Planned Audit Activity – Total Hours 
600 
600 
 
                                            Audit Services – Total Hours 
 
1273 
 
 
 
 
 
Hotline and Investigations – Total Estimate Hours 
120 
120 
Placeholder - anticipated hotline issues 
 
 
 
 
Internal Audit Plan – Total Hours 
 
1393 
 
 
 
 
 
 
 
 
 
Available Audit Hours - Calculation 
 
 
 
 
 
 
 
Total Annual Hours 11-4-13 to 9/30/14 (235 workdays) 
1645 
 
 
Less:  Vacation / Sick Leave (12) 
-84 
 
 
          Holidays (14) 
-98 
 
 
          Christmas Break (10) 
-70 
 
 
Estimated Annual Hours Available 
1393 
1393