Audit & Risk Management
Audit and Risk Management committee action shall be required for:
- Receipt and review of the university’s annual financial report.
- Receipt and review of all outside audit reports and management letters addressing the system of internal accounting controls.
- Receipt and review of specific internal audit reports.
- Assessing recommendations in all audit reports and evaluating the risk associated with conditions cited, versus the cost to implement recommended changes.
- Making recommendations to the full board regarding actions to be taken in response to findings in audit reports.
- Meeting at least annually with outside independent auditors.
- Receiving information on all contacts with state and federal auditors, including the internal revenue service.
- Reviewing changes in university accounting principles or reporting procedures that would have a major impact on the university’s reported financial condition.
- Reviewing changes in university conflicts, conduct and ethics, and compliance policies.
- Receipt and review of pending litigation.
- Chair: J. Phillip Holloman
- Vice Chair: Jill T. McGruder
- Members: —
- Liason: Christine Ackerman
Committee Meeting Schedule
|February 23||620 University Pavilion||11:00 a.m.|
|May 22||620 University Pavilion||9:00 a.m.|
|August 17||620 University Pavilion||11:00 a.m.|
|October 9||620 University Pavilion||9:00 a.m.|
|November 7||620 University Pavilion||9:00 a.m.|
|February 15||620 University Pavilion||9:00 a.m.|
|May 3*||620 University Pavilion||9:00 a.m.|
|August||620 University Pavilion||9:00 a.m.|
|October 6||Conference||9:00 a.m.|
|November 3||620 University Pavilion||9:00 a.m.|
|March 12||WebEx||9:00 a.m.|
|May 4||WebEx||9:00 a.m.|
|August 16||620 University Pavilion||9:00 a.m.|
|October 7*||620 University Pavilion||9:00 a.m.|
|November 18||620 University Pavilion||11:00 a.m.|
|February 13||620 University Pavilion||9:00 a.m.|
|May 14||WebEx||9:00 a.m.|
|August 13||WebEx||9:00 a.m.|
|October 8*||WebEx||10:00 a.m.|
|November 17||WebEx||10:00 a.m.|
|March 7||620 University Pavilion||11:00 a.m.|
|May 1||620 University Pavilion||8:00 a.m.|
|August 1||620 University Pavilion||8:00 a.m.|
|October 10*||Conference||11:00 a.m.|
|November 7||620 University Pavilion||10:30 a.m.|
|February 6||620 University Pavilion||10:30 a.m.|
|May 10||620 University Pavilion||10:30 a.m.|
|August 21||620 University Pavilion||11:00 a.m.|
|October 11*||Conference||10:00 a.m.|
|November 29||620 University Pavilion||8:00 a.m.|
* These are Audit and Risk Management Committee Conferences and as such are exempt from the Open Meetings Requirement as noted in ORC -121.22 Public Meetings - Exceptions: "(2) An audit conference conducted by the auditor of state or independent certified public accountants with officials of the public office that is the subject of the audit"