Regents review internal‑audit reporting and campus plans; KU and Pittsburg State outline audit workplans

Vice President Frisbie told the committee the board's internal‑audit policy language is broadly sufficient for new international standards going into effect in January 2025 but the board office and internal‑audit leaders agreed to strengthen governance links by providing committee contact information directly to internal auditors and co‑signing audit charters with regents.

Kate Neeley from the University of Kansas presented KU's internal‑audit mission, the office’s independence arrangements, an updated audit charter, a risk‑based audit plan and an internal quality‑assurance program; she said KU plans an external quality review in 2025 and will update attestations and manuals to align with new professional standards. Jared Kastening was introduced as KU’s director of internal audit and will serve as acting CAE when needed.

Jamie Dalton of Pittsburg State summarized her office’s updated audit charter and resource plan, described changes to combine compliance and integrity reporting into internal audit, and outlined a risk‑based workplan covering affiliated corporations, transition reviews during leadership changes, research compliance and safety and health audits. Both presenters emphasized advisory as well as assurance roles and said audit units will coordinate with university leadership to be responsive to emerging risks.

Regents asked about timing for transition reviews, independence safeguards and how internal auditors will coordinate with the committee; presenters described situational timing for transition audits and formalized reporting arrangements to strengthen board oversight.