| In 1983,
the California Legislature passed
the Financial Integrity and State
Manager’s Accountability Act of
1983 (FISMA). This act required
that state agencies establish and
maintain a system of internal
accounting and administrative
control. To ensure that the
requirements are fully complied
with, the head of each agency is
required to prepare and submit a
report on the adequacy of the system
of internal accounting and
administrative control following the
end of each odd-numbered fiscal
year.
The Office of
the University Auditor of the CSU
is currently responsible for
conducting such audits within the
CSU.
CSU, Chico’s most recent FISMA
audit was conducted in the Spring of 2006. In the Opinion of the
University Auditor of the CSU, the
accounting and administrative
controls at CSU, Chico in effect as
of June 7, 2006, taken as a whole,
was sufficient to meet the
objectives under the audit.
Report Number
06-02 issued on August
30, 2006 outlines the scope of the
audit as well as an Executive
Summary which provides management
with an overview of conditions
requiring attention. These
conditions are detailed in the
Observations, Recommendations, and
Campus Responses Section of the
Report.
The University is scheduled to
begin its next FISMA audit in March 2008. |
