Auditing Risk and Compliance at the University

The university’s Audit, Compliance and Risk Committee has approved a two-year internal audit to scrutinize both academic and medical operations, ensuring full compliance with legal and regulatory standards—from presidential travel to construction projects and employee system access. Simultaneously, the Commonwealth conducts its annual financial audit, verifying income statements, cash flow, and adherence to new accounting rules like GASB 103. Risk management is at the core, with a focus on mitigating reputational, financial, and operational threats, especially as the health system adopts emerging technologies like clinical AI, which introduces complex privacy and security risks. Auditors are also addressing critical control gaps in vendor management and mobile access security, with some issues flagged as high priority. This proactive approach aims to prevent crises, maintain public trust, and ensure seamless operations across all university functions. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4b77fb38ec38b580