Identity area
Type of entity
Authorized form of name
Parallel form(s) of name
- Audit Committee of the Board of Regents
Standardized form(s) of name according to other rules
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Description area
Dates of existence
History
In 1981, it was noted at a Board of Regents meeting that there was a need for boards to have financial accountability and ensure that all comments made by their auditors were considered seriously and that appropriate steps were taken in response. A motion was carried to appoint an audit committee made up of 5 members to review the annual financial statement before receipt by the Finance and Property Committee and the annual post-audit statement submitted by the auditors. In consultation with the President, Bursar and the Chief Accountant, the committee would ensure that the auditors’ recommendations were acted upon in appropriate ways. The Committee’s first Chairman was Mr. R. I. Priddle. The Bursar and the Chief Accountant were consultants on the Committee. The Committee first met in June of 1981. The Committee reports the Board of Regents annually. In 2016 it was decided to merge the Audit Committee with the Finance Committee to create a new Finance and Audit Committee.
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Relationships area
Related entity
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Access points area
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Control area
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Status
Level of detail
Dates of creation, revision and deletion
MB 2017
JT 2018