Apr 04, 2016
From the Government Institute
Even in the absence of any new agenda items, the risks that many audit committees have had on their plates for some time—e.g., cybersecurity and IT risk, legal and regulatory compliance, conflict of interest, and related-party transactions—have become more complex, as have the audit committee’s core responsibilities. Keeping the committee effective and efficient requires an agenda that is focused and manageable.
On the 2016 Higher Education Audit Committee Agenda discusses our observations and recommendations in a number of areas, including oversight of financial reporting and internal controls, risk, and external and internal auditors among other topics.
Further discussion of risks such as compliance, conflicts of interest and related-party transactions, and technology can be found in On the 2015 Higher Education Audit Committee Agenda.