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Audit director reports 17 FY23 findings; trustees approve charter updates to meet 2024 standards
Summary
Kim Lamonte briefed trustees on FY23 audits (financial and single audits unmodified; compliance report had a modified opinion) and proposed revisions to internal audit and audit‑committee charters to comply with 2024 global internal audit standards; trustees approved the charter updates.
The audit committee received a briefing from Kim Lamonte, the executive director of audit, summarizing system audits for fiscal year 2023 and proposed changes to audit governance documents to align with updated standards.
Audit results: Lamonte reported that Plante Moran performed system audits to the Illinois Office of the Auditor General. The financial and single audits were released with unmodified opinions while the compliance…
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