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AUDIT
COMMITTEE (Open Session)
Saturday, May 15, 1999
10:45 - 11:05 a.m.
East Oval Room, The Rotunda
Committee Members:
Elizabeth A. Twohy, Chair
Timothy B. Robertson
James C. Wheat, III
Benjamin P.A. Warthen
John P. Ackerly, III, Ex Officio
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I.
ACTION ITEM (Ms. Deily) -
Audit
Charter
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Audit
Schedule 1999-2000
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AGENDA
ITEM: -
A.
Audit Charter -
BACKGROUND:
Ms. Deily will present recommended changes to the Audit Charter. These changes
were recommended by a Quality Assurance Review.
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DISCUSSION:
None -
ACTION
REQUIRED: Approval by the Audit Committee and the Board of Visitors
APPROVAL OF REVISIONS
TO AUDIT CHARTER
The President will propose the adoption of the following resolution:
RESOLVED that the policy on the role of the Internal Audit Department (see Attachment)
is approved effective immediately.
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B.
Audit Schedule -
BACKGROUND:
Ms. Deily will present the proposed Audit Schedule for the 1999-2000 fiscal year.
This Schedule has been developed based on input from University and audit management,
risk assessment models, and analyses of work performed in prior years.
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DISCUSSION:
None -
ACTION
REQUIRED: Approval by the Audit Committee and the Board of Visitors
APPROVAL OF REVISIONS
TO AUDIT SCHEDULE
The President will propose the adoption of the following resolution:
RESOLVED that the Audit Schedule for Fiscal Year 1999-2000, is approved as recommended
by the Audit Committee. Determination
of Hours Available for 1999-2000 Audit Projects
Allocation
of Hours Available for Audit Projects
1999-2000
Audit Schedule, University
1999-2000 Audit
Schedule, Health Sciences Center |
