University of Pittsburgh audit committee approves resolution recommending approval of 2025 audited financials and selects auditor for FY2026

The Audit, Risk and Compliance Committee of the University of Pittsburgh Board of Trustees approved a resolution recommending approval of the university's audited financial statements for the year ended June 30, 2025, and approved the selection of an independent auditor and tax advisor for fiscal year 2026 during a public meeting that was streamed on YouTube.

Chairperson Gary Brownlee opened the meeting and noted, "I wish to note for the record that the committee convened in executive session earlier this morning." He said the meeting was dually advertised under the Sunshine Act and that it was being recorded; the recording will be posted on the board of trustees website later this week.

The committee first approved the minutes of the Oct. 17, 2024, public meeting. A motion to approve the minutes was made and seconded and passed by voice vote. The meeting materials then included a resolution recommending approval of the audited financial statements for the year ended June 30, 2025, and recommending the appointment of an independent auditor and a tax advisor for fiscal year 2026; the committee moved to approve that resolution, and the motion was seconded and passed by voice vote.

The transcript records voice votes but does not show a roll-call tally or identify which committee members made the motions. No substantive discussion of the financial statements, the auditor selection process, or the tax-advisor appointment is recorded in the public portion of the meeting.

After the votes, the chair asked if there was additional business; hearing none, he adjourned the meeting.

The committee indicated the session had been streamed and recorded; the committee said the recording will be made available on the board website later this week.