USM Board of Regents Committee on Audit Meets June 1

Adelphi, Md. (May 27, 2016) -- The University System of Maryland (USM) Board of Regents Committee on Audit will meet at 10 a.m. on Wednesday, June 1. The meeting will be held in the Chancellor's Conference Room in the Elkins Building at the USM headquarters, 3300 Metzerott Road, Adelphi, MD.

In public session, the committee will hear several discussion items. Those items include an audit plan presentation from advisers SB & Company, LLC; a review of Board of Regents Committee on Audit bylaws and charter; and completed USM Office of Legislative Audit Activity.

The committee then will vote on whether to reconvene in closed session. In closed session, the committee would consider issues specifically exempted in the Open Meetings Act from the requirement for public consideration.

Those issues are:  1) To maintain the confidentiality of matters involved in ongoing legislative audits, as required by Section 2-1226 of the State Government Article of the Annotated Code of Maryland (GP Section 3-305(b)(13));  2) To discuss ongoing investigations by the USM Office of Internal Audit's and outside agencies, which potentially could result in criminal prosecutions (GP Section 3-305(b)(12));  3) To receive the report of USM staff regarding possible litigation and to receive legal advice from the Office of the Attorney General regarding implications and potential liability regarding the possible litigation; 4) To discuss certain calendar year 2016 audit plan of activity by the USM Office of Internal Audit, maintaining confidentiality of the plan (GP Section 3-103(a)(1)(i); and 5) To maintain the confidentiality of the Committee's meeting separately with the independent auditors and the Director of Internal Audit (GP Section 3-103(a)(1)(i).

The public session agenda and supporting materials for the prospective closed session are available here.



Contact: Mike Lurie
Phone: 301.445.2719