Audit and risk committee reports progress on third‑party risk framework and recent audits
The Audit, Risk and Compliance Committee reviewed internal audit results, reaffirmed the Office of Internal Audit’s independent statement, and heard progress on development of a third‑party risk management framework and enterprise risk reporting.
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Regent Salisbury reported the Audit, Risk and Compliance Committee approved its minutes and accepted several audit summaries, including physical plant chargebacks and purchasing card reviews. Laurie Storz, chief audit executive, provided high‑level results and reaffirmed the Office of Internal Audit’s independent statement.
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