USM Board of Regents Committee on Audit Meets March 26

Baltimore, Md. (March 24, 2021) – The University System of Maryland (USM) Board of Regents Committee on Audit will hold its next regularly scheduled meeting at 10 a.m. on Friday, March 26.

Access to the public session is via the following dial-in information:

Dial In: 1-443-353-0686
Access Code: 198 206 040#

In public session, the committee will discuss several information items. These include an update on USM’s half-year (as of 12/31/20) financial statements, including a financial comparison analysis to peer institutions. The committee will hear updates on affiliated foundations and Office of Legislative Audit activity and discuss a follow-up of action items from previous meetings.

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

Those issues include IT security matters that pose vulnerabilities; legislative audit matters that are ongoing and, therefore, confidential; a discussion of investigative matters that may lead to criminal prosecution; the calendar year 2021 internal audit plan of activity; and the committee’s meeting separately with the independent auditors and the USM director of internal audit.

Agendas and supporting materials for Board of Regents committee meetings are here.


Contact: Mike Lurie
Phone: 301.445.2719