USM Board of Regents Committee on Audit Meets October 19

Adelphi, Md. (Oct. 17, 2016) -- The University System of Maryland (USM) Board of Regents Committee on Audit will meet at 2 p.m. on Wednesday, October 19. 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 reviews of the following reports: USM information technology standards; system-wide financials and balance sheet information (draft form); and the USM Internal Audit Quality Assessment Report. The committee also will discuss and vote on proposed reviews of Board of Regents (BOR) policies I-7.00 (Policy on Public Ethics of Members of BOR) and VIII-7.50 (USM Internal Audit Charter).

The committee then will vote on whether to reconvene in closed session. In closed session, the committee would consider items specifically exempted in the Open Meetings Act from the requirement for public consideration. Those items are: legislative audit matters that are ongoing and, therefore, confidential; discussion of investigative matters that may lead to criminal prosecution; discussion of possible acquisition of real property by a USM institution; calendar year 2016 internal audit plan of activity; and consultation with independent auditors.

The public session agenda and supporting materials regarding the proposed closed session can be found here.

Contact: Mike Lurie
Phone: 301.445.2719