Audit Committee
Audit Committee
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
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Representatives
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Bernie Juskiewicz (chair)
Jeff Wilson (vice chair)
Otto Berkes
Sidney Hilker
Curt McCormack
Ed Pagano
Shap Smith
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Barbara Arel (faculty)
TBD (alumni)
Mindy Kear (staff)
Jared Percoco (student)
Aayudh Das (graduate student)
Doug Hoffer (Vermont State Auditor)
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Agendas & Approved Minutes
2017
November 6 |
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September 11 |
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July 10 |
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April 24 |
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February 2 |
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2016
November 7 |
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September 12 |
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July 11 |
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April 25 |
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February 4 |
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2015
November 9 |
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September 14 |
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July 13 |
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April 27 |
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February 20 |
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February 5 |
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2014
November 10 |
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September 15 |
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July 14 |
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April 28 |
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February 6 |
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2013
November 18 |
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September 9 |
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July 8 |
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April 29 |
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February 7 |
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2012
November 12 |
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November 7 |
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September 10 |
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July 9 |
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April 30 |
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February 2 |
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2011
November 14 |
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September 12 |
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April 25 |
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February 3 |
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2010
December 15 |
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October 11 |
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August 9 |
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July 7 |
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May 10 |
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March 8 |
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January 19 |
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2009
December 14 |
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November 16 |
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October 19 |
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September 21 |
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July 13 |
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July |
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June 15 |
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May 14 |
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April 28 |
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March 30 |
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February 20 |
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January 23 |
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2008
November 25 |
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October 20 |
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October 16 |
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October 6 |
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August 15 |
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June 2 |
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May 12 |
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April 23 |
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March 26 |
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February 21 |
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January 25 |
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2007
December 14 |
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November 12 |
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October 4 |
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September 20 |
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September 6 |
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May 17 |
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February 8 |
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2006
November 9 |
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September 7 |
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May 18, |
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February 9 |
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Last modified February 08 2019 02:33 PM