SUMMARY

We provided an unmodified audit opinion on UW System’s FY 2016-17 and FY 2015-16 financial statements. As of June 30, 2017, UW System’s net position, which provides a measure of its overall financial condition, was $6.6 billion. We recommend UW System Administration continue to work with the UW Information Assurance Council and individual institutions to continue development and maintenance of a comprehensive IT security program. We further recommend UW System Administration report to the Joint Legislative Audit Committee by August 31, 2018, on the status of the development of a comprehensive IT security program, including policies and standards established, and a summary of steps it has taken to address high-risk areas identified by a third-party vendor.