University of California Davis Audit & Management

Transcript:University of California Davis Audit & Management:
University of California Davis Audit & Management Advisory Services Report on Activities for Fiscal Year 2023 August 2023 1 UC Davis Table of Contents Executive Summary..……………………………………………………………….................3 Mission…………………………………………………………………………………………..……4 AMAS Services …………………………………………………………………………………...5 Completion of AMAS’ Revised FY23 Plan………………………………………..…….6 Plan to Actual Hours……………………………………………………………………………..7 Summary of Activities………………………………………………………………………8-11 FY23 Projects Completed……………………………………………………………..…12-13 FY23 MCA Activities…………………………………………………………………….…….14 Significant Risks & Recurrent Internal Control Issues/Risks…………….….15-16 Client Survey Results…………………………………………………………………………..17 Staffing/Resources……………………………………………………………………………...18 2 UC Davis Executive Summary Audit and Management Advisory Services’ (AMAS) work during fiscal year (FY) 2023 improved risk management and governance processes, strengthened internal controls, increased the efficiency and effectiveness of operations, and helped ensure compliance with university policy. AMAS projects addressed many high risk areas such as information technology (IT) operations and security, stewardship of public resources, and the UC Davis Health (UCDH) enterprise. AMAS completed 11 out of 12 planned FY 2023 audits, for an overall completion rate of 92% of the amended audit plan. We participated in 20 committees, performed 10 small consultations, and continued to provide external audit coordination services. We also provided educational services to the UC Davis community through our “How to Survive an Audit” professional development course and participation in the orientation for new department chairs. AMAS faced challenges and opportunities as a result of staff turnover and retirement. The former Director retired at the end of the third quarter. I served in an interim capacity for the remainder of the fiscal year, and was honored to accept the permanent position after an open recruitment that ended in FY 2024. Two members of our audit staff left for other opportunities. We were able to replace one of the positions with a highly qualified professional, and a recruitment for the other position is ongoing. AMAS continued its practice of working collaboratively with management in determining the optimum strategy for addressing internal control and operational issues identified during our reviews. As we move into FY 2024, AMAS will continue to support the University’s risk management, control and governance processes through execution of our annual audit plan and completion of additional reviews requested by management. Sincerely, Ryan Dickson, Director 3 UC Davis UC Internal Audit Mission The mission of UC IA is to provide the Regents, President, campus Chancellors and Laboratory Director with independent and objective assurance and consulting services designed to add value and improve operations. We do this through communication, monitoring and collaboration with management to assist the campus community in the discharge