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Audit and Compliance Committee

The activities of the Audit and Compliance Committee are governed by the Audit and Compliance Committee Charter that articulates the committee’s duties and responsibilities. The committee’s responsibilities, as they relate to the operation and management of the Board, are to provide oversight of activities related to internal audit, financial controls, compliance and ethics; to review significant accounting and reporting issues and confirm appropriate management responses; to review risk assessment methodologies and risk management policies; to assess the effectiveness of the internal control system; and to review and confirm appropriate management response to any report of significant audit or compliance-related findings and recommendations. The committee’s responsibilities, as they relate to the operation and management of the System, are to act as a liaison with university boards of trustees; review university independent financial and operational and internal university audit reports; identify trends in these reports and confirm that adverse trends are being addressed; initiate inquiries if the committee has reasonable cause to believe a university is not providing for appropriate response to significant or repeat audit findings; direct the Board’s Inspector General to conduct an inquiry or investigation if the committee has reasonable cause to believe that a university board of trustees is unwilling or unable to provide for objective investigation of credible allegations of fraud or other substantial financial impropriety; and perform due diligence to help ensure the accuracy of data submitted to the Board.

Members

Chair
  • Charles H. Lydecker
Vice-chair
  • Kent Stermon
Members
  • Aubrey Edge
  • Patricia Frost
  • H. Wayne Huizenga, Jr.
  • Ken Jones
  • Alan Levine
Staff
  • Julie Leftheris

Sessions

Date Range Filter

Florida Board of Governors Meeting

January 27, 2021
LocationNew College of Florida, Sarasota

Zoom link: https://ncf.zoom.us/j/92881259545?pwd=aVNXQ1htd1c0b005RDJVNmNyWWxJQT09

Webinar ID: 928 8125 9545
Agenda & Meeting Materials

Audit and Compliance Committee

Wednesday, January 27, 2021, between 9:30 and 10:00 AM

Agenda

Call to Order and Opening Remarks

Governor Charlie Lydecker

Concluding Remarks and Adjournment

Governor Lydecker