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CSCU Audit Committee adopts Internal Audit Charter, affirms director’s independence
Summary
The Connecticut State Colleges and Universities Audit Committee adopted a new Internal Audit Charter and heard the newly introduced director emphasize independence and a systemwide audit scope covering operational, reporting and compliance objectives.
The Connecticut State Colleges and Universities (CSCU) Audit Committee voted to adopt an Internal Audit Charter after hearing an overview from the system’s new director of internal audit, Brian Greene.
Chair Don Williams introduced Greene and reviewed the charter’s purpose, saying the document clarifies the director’s reporting relationship with the committee and underlines the need for independence from institutional administration. Greene told the committee, “I have to be independent in appearance and in fact,” and outlined that the director reports to the Audit Committee while also having administrative ties within the organization.
Committee members described three core audit objectives: operational (are programs and policies carried out effectively), reporting (are financial and management reports reliable and timely) and compliance (are the institutions adhering to laws, contracts and Board policies). Members emphasized the audit function’s broad scope, citing enterprise risk management, controllership, treasury, governance, disclosure, ethics, service quality, regulatory compliance, security and legal or environmental issues as within internal audit’s remit.
The motion to adopt the Internal Audit Charter was made, seconded and approved by voice vote; the transcript does not record a roll-call tally. Chair Williams directed staff and Greene to refine minor language and return a revised draft for the committee’s May meeting for final consideration of stylistic edits and coordination with other charter language.
The committee did not take further formal actions on related governance changes at the meeting; next steps include circulating a revised charter draft and scheduling additional discussion at the regular May meeting.
