Audit & Risk Management Committee

University Rule 3361:10-1-05 specifies items reserved for action by each committee

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.

 


Audit and Risk Management Committee Meeting Schedule

2021

Date and Time Location
March 12, 9:00 - 11:00 AM
 WebEx:  https://ucincinnati.webex.com/ucincinnati/j.php?MTID=m535fe07b654a42669e9fb7cf3e37b267 
May 4, 9:00 - 11:00 AM
WebEx: https://ucincinnati.webex.com/ucincinnati/j.php?MTID=m806df609bfb49139c03a4c14ec10fc36
August 16, 9:00 AM - 11:00 AM
620 University Pavilion
October 7*, 9:00 AM - 11:00AM 320 University Pavilion
November 18 11:00 AM - 1:00 PM 620 University Pavilion

2020

Date and Time Location
Feb. 13, 9:00 - 11:00 AM
620 University Pavilion  
May 14, 9:00 - 11:00 AM
https://ucincinnati.webex.com/ucincinnati/onstage/g.php?MTID=ec44253e133d7029dbaf1893906591bbf
August 13, 9:00 AM - 11:00 AM
https://ucincinnati.webex.com/ucincinnati/onstage/g.php?MTID=e3116521dac2425b9c597138322117b61
October 8*, 8:00 AM - 10:00AM Conference/ https://ucincinnati.webex.com/ucincinnati/j.php?MTID=mf615589e97d97e5ba44f8e2f804d5536
November 17, 10:00 AM - 12:00 PM https://ucincinnati.webex.com/ucincinnati/j.php?MTID=m216e9219b4e3665d8d9a430b265e17b3

2019

Date and Time Location
March 7, 11:00 AM - 1:00 PM
620 University Pavilion  
May 1, 8:00 AM - 10:00 AM
620 University Pavilion
August 1, 8:00 AM - 10:00 AM
620 University Pavilion
October 10*, 11:00 AM - 1:00PM Conference
November 7, 10:30 AM - 12:30 PM 620 University Pavilion

2018

Date and Time Location
February 6, 10:30 AM - 12:30 PM
620 University Pavilion  
May 10, 10:30 AM - 12:30 PM
620 University Pavilion
August 21, 11:00 AM - 1:00 PM
620 University Pavilion
October 11*, 10:00 AM - 12:00PM Conference
November 29, 8:00 AM - 10:00 PM 620 University Pavilion

2017

All meetings are 8:00 a.m. - 10:00 a.m.

Date Location
February 8
620 University Pavilion (Joint commttee with Academic & Student Affairs)
May 3
620 University Pavilion
August 2
620 University Pavilion
October 5*
Conference
November 1 620 University Pavilion

2016

All meetings are 8:00 a.m. - 10:00 a.m.

Date Location
February 10
620 University Pavilion
May 4*
Conference
August 10
620 University Pavilion
October 13*
Conference
November 2
620 University Pavilion

2015

All meetings are 8:00 a.m. - 10:00 a.m.

Date Location
February 4
620 University Pavilion
May 6*
Conference
August 12
620 University Pavilion
October 7*
Conference
November 4
620 University Pavilion

*  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"