AGENDA

BOARD OF REGENTS AUDIT COMMITTEE

May 13, 2004

11:00 a.m. - 12:00 noon

Morgan 204

1. Approval of Minutes of March 18, 2004 Meeting

2. FY 03 Audit Fee - Brad Koehn

3. FY 04 Audit Engagement Letter - Brad Koehn

4. Review Internal Financial Control Consulting Engagement - Abe Cole

5. Discussion of Conflict of Interest Policies

Washburn Board of Regents Policy and Annual Conflict of Interest Disclosure Statement

Washburn University Code of Ethics and Standards of Conduct and Conflict of Interest Policy and Annual Conflict of Interest Disclosure Statement

1. Other Issues



2. Next Meeting



3. Adjourn

AGENDA ITEM 1.

Minutes of March 18, 2004 Audit Committee Meeting

AGENDA ITEM 2.

FY 03 Audit Fee Discussion - Brad Koehn

AGENDA ITEM 3.

FY 04 Audit Engagement Letter - Brad Koehn

Services related to annual audit of Washburn University, including KTWU

Services related to arbitrage rebate calculation

AGENDA ITEM 4.

Review of Internal Financial Control Consulting Engagement - Abe Cole

Will discuss the draft report prepared by BKD for the engagement. Report will be handed out at the meeting.

AGENDA ITEM 5.

Discussion of Conflict of Interest Policies

Washburn Board of Regents Policy and Annual Conflict of Interest Disclosure Statement

Washburn University Code of Ethics and Standards of Conduct and Conflict of Interest Policy and Annual Conflict of Interest Disclosure Statement