1. Th

2. August 2013

4. Internal Audit Department Staffing Mr. Mike Vandervort, Director Mr. Chris Taylor, Assistant Director Ms. Angela McCarter, Assistant Director Mr. Tod Maxwell, Sr. IT Auditor Mr. Brandon Morales, IT Auditor Ms. Brenda Guerrero, Auditor III Ms. Ashley Foster, Auditor III Ms. Cameosha Jones, Auditor II Ms. Miranda Pruett, Auditor I Mr. Derek Stuart, Auditor I Mr. Cameron Fletcher, Student Intern Mr. Ryan Kothlow, Student Intern

5. Internal Audit Reporting Structure Reports to the president and meets with him monthly Meets quarterly with the Internal Audit Committee

11. Top 5 Audit Findings 1.Inadequate segregation of duties 2.Inadequate or untimely review of monthly financial reports 3.Inappropriate access/lack of security 4.Inadequate authorization of expenditures 5.Time records not appropriately authorized

12. Case Examples Fake Invoices, Fake Payment Vouchers – stole over $800,000 Use of ProCard for personal benefit – 2 cases totaling almost $200,000 Cash Losses – over $400,000 Scholarships, Eligibility Falsified – $28,000

14. Questions?