2007 Audit Committee Minutes

December 17, 2007

1. November 13, 2007 Audit Committee Minutes
2. Review Internal Auditing Annual Report
3. Discuss Potential Internal Audit Topics for FY 2008
4. Review External Audit Plan
• Plan to Contract with Certified Public Accounting Firms and the Legislative Auditor for Fiscal Year 2005 Audits - (approved by the Board on January 20, 2005)

December 17, 2007 - Joint Audit Committee and Advancement Committee

1. Possible Internal Audit of Foundations

November 13, 2007

1. October 17, 2007 Audit Committee Minutes
2. Review of Fiscal Year 2007 Audited Financial Statements
3. Internal Auditing Report on Student Success Measures and Systems

October 17, 2007

1. September 18 , 2007 Audit Committee Minutes
2. Review Internal Auditing Report on Student Success Measures and Systems
• Student Success Report - (officially released October 17, 2007)
• Student Success Committee Presentation - (PowerPoint Presentation)
3. Review Internal Auditing Annual Report
4. Audit Committee Members' Responsibilities for Reviewing Financial Statement Audits

September 18, 2007

1. May 16 , 2007 Audit Committee Minutes
2. Review Office of Legislative Auditor Report
• MnSCU presentation the Audit Commitee - (PowerPoint)
• Office of the Legislative Auditor presentation to the Audit Committee - (PowerPoint)
3. Update on Internal Audit of Student Success Systems
4. Audit Committee Organization and Planning

May 16, 2007

1. March 21 , 2006 Audit Committee Minutes
2. Fiscal Year 2008 Internal Audit Plan
• FY2008 Internal Audit Plan
• Appendix A: Information Technology Audit Risk Assessment
3. Student Success Measures Project
• Student Success Measures Project
• Student Success Measures Project PowerPoint (PowerPoint)

March 21, 2007

1. December 20, 2006 Audit Committee Minutes
2. Audit Contract for Principal Systemwide Auditor
3. Review Results of Annual Audit of Federal Financial Aid
• Schedule of Expenditures of Federal Awards for the year ended June 30, 2006 and Independent Auditor's Report
4. External Quality Assessment Report on the Office of Internal Auditing
• Independent Validation of the Internal Auditing Self-Assessment
• MnSCU Office of Internal Auditing Annual Report Fiscal Year 2006
5. Review of Backdated Drop Transactions