The University of Minnesota Audit and Compliance Committee opened its October 2025 meeting with a review of the 2025 6 committee work plan and an overview of the annual financial-statement review process. Chief Auditor Galswyck and Assistant Vice President and Controller Molly Viola walked the committee through regular agenda items and key dates.

Galswyck told the committee that the December meeting will include the annual institutional compliance and conflict-of-interest reports and a closed session to discuss information security so that those with need-to-know access can remain for the closed discussion. "There will also be a closed session to discuss information security," Galswyck said, explaining the timing is intended to allow attendees to transition out before closing.

Viola explained that the financial-statement presentation was provided as a flipped presentation (video in docket materials) so the committee could focus on discussion during the meeting. She noted the audit sign-off and report issuance for the annual financial statements was scheduled for Oct. 29 and invited committee members to submit any follow-up questions for iterative consideration before sign-off.

The committee's standing calendar includes: December '1 institutional compliance and conflict-of-interest reports and an information-security closed session; February '1 space for recent audit reports and follow-up; April '1 updates on enterprise risk management and the institutional risk profile and a compliance landscape update; and June '1 the internal audit update and audit plan review.

The committee also welcomed returning and new student representatives at the start of the meeting: Simon Marino, a returning student rep from the Duluth campus, and new student representative Samia Abdul from the Twin Cities campus. Both introduced their majors and campus status.

No formal votes were taken on the work plan during the meeting; the plan was presented as the committee's forward agenda for oversight throughout the academic year. The committee will receive periodic updates tied to the calendar items and may schedule additional sessions as emerging issues arise.