November 30, 2017
Summary observation review by the internal audit office published on web
Kansas State University's internal audit office published detailed observations across the university over several years in the 2017 Summary Observation Review PDF. President Richard Myers sent a PDF letter to all department and unit heads in October but the documents are now available on the office's website under Informational Reports.
Effective control activities are designed to mitigate risk and are aligned with management's willingness to accept weaknesses of controls and compliance. The purpose of the review was to identify weaknesses and then understand and develop university mitigation efforts. The review consisted of examining more than 100 internal audit reports that included 951 observations and recommendations.
Using the university's Internal Control Guidance PDF document, the office's observations found that many areas could be improved by updating university policies and procedures, requiring job training, incorporating compliance responsibilities into employee performance expectations, and establishing a tone at the top that indicates the importance of controls.