Dallas County Community College District (DCCCD) Internal Audit conducts risk-based assurance engagements and investigations. The risk-based assurance engagement is an objective examination of evidence to provide an independent assessment of governance, risk management, programmatic effectiveness and the control systems within the District.
Additionally, as may be necessary by events occurring during any fiscal year, investigations are performed based upon requests received from key District management personnel and as may be necessary in response to a complaint or concern raised via the District’s Fraud Hotline.
Internal Audit utilized a survey process to solicit feedback from the Board of Trustees, Senior Management and the College Leadership Teams to develop this annual Audit Plan.
The survey collected information based upon the DCCCD Strategic Priorities as to the Mission of the District (Engagement and Impact Categories and Thematic Priorities); and considered the impact of Individuals, Communities, Employers, Organizations, Student Success, Employee Success, Community Engagement, Institutional Effectiveness on each of the following DCCCD Strategic Priorities:
Each survey respondent then had the opportunity to evaluate risk based upon the following (applicable) areas:
Code of Conduct, District Policy Compliance, Fixed Asset Control, Injury, Illness, Protection Plan, Litigation Management, Physical Security, Records Management, Regulatory Compliance, Reputation Risk, Risk Management/Loss Prevention, Constituency Relations, District Governance
Tuition Revenue, Cashiering Function, Billing Function, Accounts Receivable, Cash Receipts/Applications, Credit Collection/Bad Debts, Revenue Recognition
Accounts Payable/Cash Disbursements, Capital Assets, Facilities Leases, Purchasing/Purchase Order, Receiving, Time and Expense Reporting, Travel Expense
Cash Management, Investment Management, Financing Arrangements, Regulatory Compliance
General Ledger Closing, Management Reporting/MIS, Contracts and Grants Accounting
Application/Database Management, Business Continuity Planning, Data Privacy and Security, Key Business Application Management, Network Management, Project Management, System Strategy/Planning, Software Purchasing, Software Licenses
Compensation & Benefits Management, Employee Evaluation/Satisfaction Monitoring, Employee Records Management, Payroll Processing, Talent Recruitment/Retention, Training
Student Financial Aid, Facilities Management, Public Safety and Security, Student Information Privacy and Security, Marketing Communications & Public Information, Institutional Research
DCCCD Internal Audit has identified certain critical areas for inclusion in the Core Audit Plan to ensure that adequate coverage is provided over a reasonable time. The critical areas for Core Audit Plan inclusion are:
The 2019-20 Audit Plan focuses on delivering value to DCCCD with an emphasis on the following risk areas: strategic, operational, programmatic, financial, compliance and IT. If new topics emerge during the Audit Plan period that require more immediate attention, reconfiguration of the plan can be undertaken to accommodate these changes. DCCCD Internal Audit’s goal is to complete 85 percent of the Audit Plan. As each audit is undertaken, risks will be re-evaluated to ensure proper audit coverage with due consideration given to confidentiality, integrity, and availability.
DCCCD Internal Audit utilizes numerous electronic information systems (e.g., document images, financial, data analytics warehouses) in the performance of our audit projects.
On August 6, 2019, the Board of Trustees approved the annual DCCCD Fiscal Budget for 2019-20. The approved budget included the addition of up to two full-time equivalents within the Internal Audit Department. Upon hiring of the Chief Internal Auditor, these positions will be recruited and hired, and the following areas are potential opportunities to expand the Internal Audit group into the performance of additional management advisory reviews. These areas are subject to further review and modification by the DCCCD Senior Leadership team and the Chief Internal Auditor.
The Audit Plan for fiscal year 2019-20 is based on professional staffing of 5 full-time equivalents (FTEs) - Chief Internal Auditor (open position), Assistant Director (currently serving as the Chief, Interim Internal Auditor), 2 Internal Auditors and a Grant Compliance Monitor.
Approximately 75 percent of DCCCD Internal Audit’s available resources are committed to the completion of planned audit projects and investigations.
DCCCD Internal Audit conducts follow-up audit procedures throughout the year to ensure that management is implementing controls as described within their responses to audit report recommendations.
Audit resources are allocated as follows: