USM Board of Regents Committee on Audit Meets June 5

Baltimore, Md. (June 3, 2025) – The University System of Maryland (USM) Board of Regents Committee on Audit will hold its next regularly scheduled meeting at 10 a.m. on Thursday, June 5. Access to the public session is via the following dial-in information:

Dial In: 1-443-353-0686
Access Code: 609 537 171

In public session, the committee will discuss several information items. These items include Office of Legislative Audit Activity and published audit reports, fiscal year 2025 committee objectives, and an update of the HP Rawlings agreed upon procedures. The committee will also discuss the independent audit scope from SB and Co, LLC and an update of USM enterprise risk management.

The committee will vote on a recommended modification of USM IT security standards and receive an informational review of the calendar year 2024 annual financial disclosure compliance for presidents, the Chancellor, and Board of Regents. 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 updates on USM legal matters, USM’s cyber security environment, Office of Legislative Audit activity currently in process, calendar year 2025 internal audit plan, and allegations reported to the Internal Audit Fraud Hotline. Finally, committee members will meet separately with the independent auditors and with the USM vice chancellor for accountability.

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


 

Contact: Mike Lurie
Phone: 301.445.2719
Email: mlurie@usmd.edu