Summary

Our operational audit for the fiscal year ended June 30, 2008, disclosed the following:  

Finding No. 1:         The College does not have a written fraud policy for communicating and reporting known or suspected fraud.

Finding No. 2:        The College did not, of record, verify subcontractor licensure prior to commencement of work on construction projects.

Finding No. 3:        The College’s business continuity and information technology (IT) disaster preparedness planning needed improvement.

Finding No. 4:        The College’s environmental controls over IT resources needed improvement. 

Management's response is included in the report as Exhibit - B.