MEMORANDUM

TO:        Ken Hanna                 CC: Jodi Berg-Combs
FROM:   Dennis Skovsted
DATE:    January 11, 2000

RE: Outstanding Audit Finding Follow-up

The audit department on a periodic basis reports to the Audit Committee of Board of Regents the status of outstanding audit findings which were rated as essential. At this time I am beginning our assessment of progress on outstanding finding.

Attached is a report listing my understanding of findings which were still considered outstanding at the end of our last follow up review. This report includes all unresolved findings, even though we are currently only providing a status report to Board on issues rated as essential. Please review the attached report and let me know of any changes since the last assessment of progress, that you believe, I should be taking into consideration as I complete this review.

Please also provide me with revised target dates for any items that are not expected to be completed by the target dates in place last quarter. For any items requiring target date revisions, please provide information why that revision is justified.

The columns titled "assessment of progress since last quarter" and "comments made to audit committee" reflect the previous quarters assessment and may change based on this quarters actions.

In some cases you may need to touch bases with other individuals who have been assigned responsibility for addressing specific items from the associated audit report. Taking that into consideration, I need your input by 1/18/00. On 1/18/00 I will be forwarding an updated copy of this report to the Chief Information Officer.

You can contact me at 625-3079 to discuss this review process or current actions that have been taken to address or partially address the outstanding issues.

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