Sul Ross State University and Rio Grande
College
Fiscal Year 2016 Audit Plan
Carole M. Fox, CPA
System Director, Office of Audits and Analysis
SUL ROSS STATE UNIVERSITY AND RIO GRANDE COLLEGE
FISCAL YEAR 2016 AUDIT PLAN
AUDIT
Response to System
Requests
Financial Internal
Controls: Human
Resources/Payroll
Enrollment
Management
Cash Handling
Staff Development
Policy
Benefits
Proportionality
SB 20 – Annual
Review
SB 20 – Contract
Administration
Investments
Joint Admission
Medical Program
(JAMP)
Quality Assurance
Review
Follow-Up
Procedures
Annual Risk
Assessment and
Audit Plan
Annual Internal Audit
Report
Continuing Education
Special Projects
Audit Liaison
Activities
DESCRIPTION
SYSTEM-WIDE INITIATIVES
To gather information as requested by System Administration.
RISK-BASED AUDITS
Evaluate internal controls surrounding financial operations as per
Texas Auditing Act 2102.005(2)(A), with a focus on management of
human resources and payroll, for Alpine and RGC campuses.
Review the organization-wide enrollment management processes
and related controls over risks associated with recruitment,
admissions, enrollment, advising, and retention.
Evaluate controls over receipts and disbursements of cash
organization-wide (Petty Cash, Cashier's Office, One Stop Shop, and
at RGC campuses).
Test for compliance with new policies regarding the use of public
funds to provide scholarships for faculty/staff development.
REQUIRED AUDITS AND ACTIVITIES
Audit of benefits proportionality for fiscal years 2012, 2013, and 2014 as
required by the General Appropriations Act (Report due August 31st,
2016).
Annual review as to whether Rules and policies required under SB 20,
84th legislature, have been adopted.
Risk-based testing of contract administration required under SB 20, 84th
legislature.
Biennial review of compliance with the requirements of the Texas Public
Funds Investment Act. (Report due December 31st, 2016)
Test for appropriateness of expenditures for fiscal year 2015. (Report
due October 31st, 2015)
Third-party review of the audit function as required by auditing standards.
Follow-up on management’s progress in implementing outstanding
internal and external audit recommendations.
Conduct risk assessment activities and prepare the 2017 Audit Plan
as required by auditing standards.
This report, required by Government Code 2102, summarizes all audit
activities of the preceding fiscal year.
Required by Government Code 2102 and auditing standards.
OTHER
Management requested reviews, audits/reviews predicated by
unanticipated risks, oversight-entity mandates, EthicsPoint/SAO
Special Investigations Unit referrals, and other activities.
Coordinating with external audit entities when they perform audits
within the Texas State University System.