Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit Committee Charter topic
No spam. Unsubscribe anytime.
Audit committee debates membership rules, training and quarterly meeting plan for 2027
Summary
Regents and staff discussed proposed Audit Committee charter changes — including nonvoting advisory members, potential restrictions on concurrent CSCU employment, annual charter checklists and mandatory training — and proposed four regular quarterly meetings for 2027 with periodic appearances by compliance and IT officers.
Members of the Connecticut State Colleges and Universities Audit Committee debated revisions to the Audit Committee charter and a proposed meeting cadence for 2027.
Chair Don Williams presented suggested changes including three membership editions that would permit nonvoting advisory members at the chair’s discretion, language to better codify internal audit independence, and options to restrict concurrent employment with CSCU as a best practice. Committee members discussed refining the chair’s discretion, assessing any financial implications of advisory members and whether existing ethics rules already address concurrent employment concerns.
Several members emphasized training for committee members: the draft calls for training within six months of joining, and members suggested short annual refreshers or a half-page summary of the committee’s five to ten main responsibilities. Elise said periodic, short educational sessions would help new and existing members who are not auditors or accountants.
Committee members also proposed a calendar of four regular meetings in 2027 (quarterly: April, July, October, January), with two meetings focused on compliance and two on information-technology topics so members hear from subject-matter experts; members stressed the need to retain flexibility to convene special meetings in response to urgent issues.
Brian Greene described his process for developing a systemwide risk assessment and said he will present a draft plan for the committee’s consideration. Chair Williams asked staff to prepare a revised charter draft for the May meeting that incorporates the committee’s comments.
