UCSB Audit and Advisory Services Internal Audit Plan 2012-13 – Highlights

1. UCSB Audit and Advisory ServicesInternal Audit Plan 2012-13 –Highlights Contracts and Grants Liaison Meeting May 16, 2012

2. Risk Assessment – Audit Planning Process • Annual Audit Plan • Based on a risk assessment and ranking methodology utilized across the UC system and augmented to address local needs and risks. • Encompasses activities of the administrative and academic units of the UCSB campus. • Reviewed and approved by the Associate Vice Chancellor for Administrative Services and the UCSB Audit Committee prior to submission to the Senior Vice President and Chief Compliance and Audit Officer (and ultimately The Regents). • Approved by the UCSB Chancellor.

3. Risk Assessment – Audit Planning Process Risk Assessment Criteria • Quality and Stability of Control Environment • Business Exposure ($) • Public and Political Sensitivity

4. Risk Assessment – Audit Planning Process Risk Assessment Criteria • Compliance Requirements • Information Technology & Management Reporting

5. FY 2012-13 Audit PlanAudits and Projects Information Technology • Progress of Financial System Replacement Project • Financial System Replacement Project - Shadow Systems - GUS • Mainframe Project - Migration of Other Systems • Progress of Student Information System Replacement Project - Follow-up • IT Governance

6. FY 2012-13 Audit PlanAudits and Projects Change and Transition • Succession Planning • UC Education Abroad Program (EAP)

7. FY 2012-13 Audit PlanAudits and Projects Research • Sponsored Projects - Marine Science Institute (MSI) • Sponsored Projects - Cost Sharing

8. FY 2012-13 Audit PlanAudits and Projects Procurement & Contracting Construction • Contracting Timeline • Construction Project Costing • Prop ID Construction

9. FY 2012-13 Audit PlanAudits and Projects Core/Other Business Processes • Graduate Financial Aid and Graduate Student Fee Remission (GSFR) • Fund Balances