GUMC & Internal Audit

FY2011 Internal Audit Plan Georgetown (Updated May 2010) UNIVERSITY Internal Audit 30 PROPOSED AUDIT SUBJECTS • Within each source (see Internal Audit Plan FY2010 – FY2012), audit subjects were prioritized on a scale from 5 (highest) to 1 (lowest). Priority determined using: ProCard data, historic compliance events, priority assigned in reports such as the Huron report, and judgment. • All audit subjects were relative ranked to the average priority for all audit subjects across all sources. The result was a prioritized list of audit subjects from P5 (highest) to P1 (lowest). Audit Subject Audit Subject Priority-5 Priority-3 Documentation of controls over Financial Statement Reporting Cost Sharing BGRO - Biomedical Graduate Research Organization CSJR - Center for Social Justice Research, Teaching & Service LCCC - Lombardi Comprehensive Cancer Center KIE - Kennedy Institute of Ethics Other Support YATE - Yates Field HousePRES - Central Administrative Units, e.g., President's Office, Anti-Fraud - PayrollAthletics, etc. OAUR - Advancement ERM Portfolio Anti-Fraud - Purchasing & Related Activities Priority-2 Anti-Fraud - Billing (Personal Use / Vendors) Invention Disclosure & Reporting Control Weakness - Internal Controls OSFS - Student Financial Services REG - University RegistrarPriority-4 Change in Business - New Venture Emergency Management Program Effort Reporting Data Integrity & Security IT Applications Research & Regulatory IT Systems ...