NCAA Audit

SCOPE:The Division of Intercollegiate Athletics is requesting proposals from independent Certified Public Accounting firms to annually perform the Minimum Agreed-Upon Procedures for Outside Organizations required by the National Collegiate Athletic Association (NCAA) legislation described below and detailed in the NCAA agreed-upon procedures. The selected firm shall be expected to perform annual audits using the Minimum Agreed-Upon Procedures For Outside Organizations required by the NCAA Agreed-Upon Procedures dated April 20, 2018 and issue a report to the Chancellor of the University. The audit will extend to the financial activities of Athletics. The Minimum Agreed-Upon Procedures For Outside Organizations will extend to the financial activities and statements of outside “booster” and other organizations, as necessitated by the Minimum Agreed-Upon Procedures, whose purposes include the generating of contributions, gifts-in-kind, and services for the direct or indirect support of

the University’s intercollegiate athletics program. In addition to the minimum agreed-upon procedures, the firm is expected to perform the following additional procedures: Perform supplemental agreed-upon procedures including, but not limited to, sampling and tests of controls over operating expenditures (including payroll) of the Athletic Department, tests of capital asset additions, tests of individual contributions exceeding 10 percent of all contributions, and sampling operating expenditures of the University of Wisconsin Foundation disbursements made on behalf of the Athletic Department. Perform additional agreed-upon procedures for other reporting items identified including, but not limited to, excess transfers to Institution, Athletic Department debt, Institutional debt, endowments, and capital expenditures. Tests of controls over significant revenue and expenditure functions, and information technology systems of the Athletic Department. Presentation of the audit and agreed-upon procedures results to the Finance, Facilities and Operations Committee.This audit is to be performed in accordance with generally accepted auditing standards of the American Institute of Certified Public Accountants (AICPA). The NCAA Agreed-Upon Procedures shall be used to define the necessary Minimum Agreed-Upon Procedures For Outside Organizations.