Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit Findings topic
No spam. Unsubscribe anytime.
SIU audit office reports modified opinion on FY24 compliance audit and low closure rate for FY25 recommendations
Summary
The system’s internal audit director told trustees the FY24 state compliance audit contained a modified opinion with 14 findings (one material non‑compliance) and that FY25 produced 25 new recommendations with a 19.5% closure rate; the director said staffing and repeated findings remain priorities for remediation.
Director Thompson, presenting to the Audit Committee on Dec. 4, summarized the results of the fiscal year 2024 state compliance audit and the office’s FY25 annual internal audit report. "The report contained 14 audit findings, with 1 being a material non‑compliance, which influenced the modified audit opinion," Thompson said.
Thompson said the FY24 state compliance report contained a modified compliance opinion, 14 findings and a letter of immaterial findings with four lesser matters; 10 of the current‑year findings were repeats. The state compliance audit was conducted by special assistant auditors to the Illinois Office of the Auditor General and was published and released in August, Thompson said.
On the internal audit annual report, Thompson noted the office operated near full staffing for most of FY25 but currently needs to fill an IT auditor vacancy. The office issued seven planned audit reports, two special reviews and one advisory service in FY25; it identified 36 audits initially for a rolling FY25–26 plan. The FY25 internal audit work produced 25 new recommendations to management, of which eight were closed during the year — a 19.5% closure rate, Thompson said, noting that turnover and staffing challenges in some departments hindered follow‑up.
Thompson described progress on an enduring finding dating back to 2005 (related to faculty timesheets), which had been implemented and closed in the FY24 review, and said the office recently provided a timely update on the status of state compliance findings to the Legislative Audit Commission.
The Audit Committee did not take any board action during the informational presentation; trustees thanked the director and requested continued updates and follow‑up on repeat findings and staffing plans.
