Serving on a board of trustees’ audit committee is an honor and a responsibility. As an audit committee member, you are you are a guardian of your institution’s most precious asset — its reputation. Your primary role is to help the board maintain the institution’s overall integrity, financial credibility and long-term viability.
To expand your understanding of a board’s purposes and composition, and your duties as a trustee, consult our Higher Education Audit Committee Guidebook. Within its pages you’ll find guidance on accountability and independence, roles and duties, working within the institution and with external auditors, and monitoring responsibilities. Released in 2016, the guidebook holds its relevance to today’s issues and best-practices responses. Trustees of higher education boards, see our Higher Education Board Guidebook.