University of Vermont

Board of Trustees

Audit Committee

Audit Committee
Charge & Membership

Audit Committee Charter and Guidelines

The Audit Committee is responsible for overseeing the quality and integrity of the University’s financial statements including the selection of, and effective interaction with, the independent auditor;  and promoting the development and monitoring the effectiveness of institutional systems of risk management, internal controls, accounting procedures, and compliance with laws and regulations.

The Audit Committee has full authority over the internal audit function including the appointment, evaluation, and termination of the chief internal auditor.

The Committee will review and monitor progress on annual plans for audits and related services ensuring that the plans encompass significant and material aspects of University operations;  assess the quality and timeliness of management’s response to audit findings and investigations; and  review and make recommendations to the Board regarding institutional policies relevant to the Committee’s charge, such as conflict of interest, fraudulent conduct, whistleblower protection, and documents retention.

A specification of Committee responsibilities shall be set forth in a Charter approved by the Board of Trustees. The Charter shall be revised from time to time in light of accounting industry and legal developments applicable to non-profit corporations and institutions of higher education.

The Board of Trustees shall annually appoint at least 5 of its members to the Audit Committee.  Its members shall be independent of management and the University including its component units and affiliated organizations.  Pursuant to the University Bylaws, the President shall not serve as an ex officio member of this Committee.

Trustees
Representatives

Mark Young (chair)
Dale Rocheleau (vice chair)
Carolyn Branagan
Samantha Lucas
Ron Lumbra
David Potter
Jeff Wilson

Barbara Arel (faculty)
TBD (alumni)
Wendy Coy (staff)
Elizabeth MacNeill (student)
Jarett Chizick (graduate student)

Current/Previous Meetings

November 10, 2014
Agenda

September 15, 2014
Agenda
Minutes

July 14, 2014
Agenda
Minutes

April 28, 2014
Agenda
Minutes

February 6, 2014
Meeting Materials
Minutes

November 18, 2013
Agenda
Minutes

September 9, 2013
Agenda
Minutes

July 8, 2013
Agenda
Minutes

April 29, 2013
Agenda
Minutes

February 7, 2013
Meeting Materials
Minutes

November 12, 2012
Agenda
Minutes

November 7, 2012
Meeting Materials
Minutes

September 10, 2012
Agenda
Minutes

July 9, 2012
Agenda
Minutes

April 30, 2012
Agenda
Minutes

February 2, 2012
Meeting Materials
Minutes

November 14, 2011
Agenda
Minutes

September 12, 2011
Agenda
Minutes

April 25, 2011
Agenda
Minutes

February 3, 2011
Meeting Materials
Resolution
Minutes

December 15, 2010
Agenda
Resolution
Minutes

October 11, 2010
Agenda
Minutes

August 9, 2010
Agenda
Minutes

July 7, 2010
Agenda
Minutes

May 10, 2010
Agenda
Minutes

March 8, 2010
Agenda
Minutes

January 19, 2010
Agenda
Resolutions
Minutes

December 14, 2009
Agenda
Minutes

November 16, 2009
Agenda
Minutes

October 19, 2009
Agenda
Minutes

September 21, 2009
Agenda
Minutes

July 13, 2009
Agenda
Minutes

July 7, 2009
Agenda
Resolution
Minutes

June 15, 2009
Agenda
Minutes

May 14, 2009
Agenda
Minutes

April 28, 2009
Agenda
Minutes

March 30, 2009
Agenda
Minutes

February 20, 2009
Agenda
Minutes

January 23, 2009
Agenda
Minutes

November 25, 2008
Agenda
Resolutions
Minutes

October 20, 2008
Agenda
Resolutions

October 16, 2008
Agenda
Minutes

October 6, 2008
Agenda
Minutes

August 15, 2008
Agenda
Minutes

June 2, 2008
Agenda
Resolutions
Minutes

May 12, 2008
Agenda
Minutes

April 23, 2008
Agenda
Minutes

March 26, 2008
Agenda
Minutes

February 21, 2008
Agenda
Minutes

January 25, 2008
Agenda
Minutes

December 14, 2007
Agenda
Resolutions
Minutes

November 12, 2007
Agenda
Minutes

October 4, 2007
Agenda
Minutes

September 20, 2007
Agenda
Minutes

September 6, 2007
Agenda
Resolutions
Minutes

May 17, 2007
Agenda
Minutes

February 8, 2007
Agenda
Minutes

November 9, 2006
Agenda
Minutes
Resolutions

September 7, 2006
Agenda
Minutes

May 18, 2006
Agenda
Minutes

February 9, 2006
Agenda
Minutes

Last modified November 10 2014 03:09 PM