Background Image
Table of Contents Table of Contents
Previous Page  12 / 486 Next Page
Information
Show Menu
Previous Page 12 / 486 Next Page
Page Background

TENNES SEE BOARD

O F

REGENTS

MEETING:

Committee on Audit

DATE:

November 15, 2016

AGENDA ITEM:

Review of Comptroller’s Office Audit

Reports

PRESENTER:

Tammy Birchett

ACTION REQUIRED:

Informational Report

STAFF’S RECOMMENDATION:

Accept Report

BACKGROUND INFORMATION:

The Comptroller of the Treasury, Division of State Audit, under the authority of TCA 4-3-304,

performs financial and compliance audits of each Tennessee Board of Regents university,

community college and the system office. Universities are audited annually and community

colleges and the system office are audited every other year. A description of the standards followed

by the Comptroller’s Office and the types of findings that may be reported follow this transmittal.

The Comptroller’s Office also conducts performance audits of the Tennessee Board of Regents as

needed.

The Committee will review audit reports received during the quarter; a summary of these reports

is included.

FINANCIAL AND COMPLIANCE AUDITS – NO FINDINGS

Dyersburg State Community College – FYE June 30, 2015

FINANCIAL AND COMPLIANCE AUDITS – FINDINGS

Motlow State Community College – FYE June 30, 2015

Pellissippi State Community College – FYE June 30, 2015 and June 30, 2014

Roane State Community College – FYE June 30, 2015 and June 30, 2014

Walters State Community College – FYE June 30, 2015 and June 30, 2014

STATUS SUMMARY FOR PREVIOUSLY REPORTED FINDINGS

Following the summary of reports is a summary on the status of previously reported Comptroller’s

Office findings for informational purposes. Internal Audit generally performs a follow-up review

of Comptroller’s Office findings within six months of issuance. A follow-up report is prepared and

submitted to the Comptroller’s Office and the Legislature’s Office of Fiscal Review. An executive

summary of each follow-up audit is included in the Audit Committee’s quarterly materials.

12