USM Board of Regents Committee on Audit Meets March 28
Baltimore, Md. (March 24, 2022) – The University System of Maryland (USM) Board of Regents Committee on Audit will hold its next regularly scheduled meeting at 10 a.m. on Monday, March 28.
Access to the public session is via the following dial-in information:
Dial In: 1-443-353-0686
Access Code: 907 053 395
In public session, the committee will discuss several information items. These include USM’s half-year financial statements and financial comparison analysis to peer institutions and the annual affiliated foundation compliance report. The committee will receive an update from the enterprise and risk management work group, discuss completed Office of Legislative Audit activity, and vote on approval of recommended recommendations to the Office of Internal Audit’s charter.
As its final item during the public session, the committee will vote on whether to reconvene in closed session. In closed session, the committee would consider items exempted in the Open Meetings Act from the requirement for public consideration.
Those items include ongoing potential criminal allegations and fraud hotline reports to Internal Audit; approval of an update of USM’s cyber security environment; proposed Internal Audit plan of activity for 2022; Office of Legislative Audit activity in process; 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