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 2022 August 2022 1 UC Davis Table of Contents Executive Summary..……………………………………………………………….................3 Mission…………………………………………………………………………………………..……4 AMAS Services …………………………………………………………………………………...5 Completion of AMAS’ Revised FY22 Plan………………………………………..…….6 Plan to Actual Hours……………………………………………………………………………..7 FY22 Projects Completed……………………………………………………………..…….8-9 FY22 MCA Activities…………………………………………………………………….…….10 Client Survey Results……………………………………………………………………………11 Staffing/Resources……………………………………………………………………………....12 2 UC Davis Executive Summary Audit and Management Advisory Services’ (AMAS) work during fiscal year (FY) 2022 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. Additionally, we performed an advisory service project where we partnered with the Office of Diversity, Equity and Inclusion to assess UC Davis’ progress towards implementation of the 2017 Diversity and Inclusion Strategic Vision. We also conducted administrative reviews for School of Veterinary Medicine, School of Education, Intercollegiate Athletics, and Academic Affairs to provide executive leadership with an overview of the financial and operational landscape of these entities. Finally, AMAS participated in the Aggie Enterprise (Oracle implementation) project by serving on the project Governance Committee and by providing support to various related workgroups in an advisory capacity. AMAS completed 31 out of 34 planned FY 2022 projects, for an overall completion rate of 91% of the amended audit plan. We participated in 15 committees, performed 23 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. Lastly, we finalized 13 projects that were in draft at the end of FY 2021, and provided professional guidance to various departments on a variety of topics. AMAS continued its on-going 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 2023, 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, Leslyn A. Kraus, Director 3 UC Davis 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