Audit Officer Matt Hicks Presents Compliance and Audit Plan to Regents for Approval

During a recent meeting of the University of California's National Laboratories Committee and Compliance and Audit Committee, significant discussions centered on the audit and compliance plan for the upcoming year. Matt Hicks, the system-wide deputy audit officer, presented the plan, which is designed to address the highest risk areas within the university system.

The committee reviewed three key documents: an executive summary and two detailed plans focusing on audit and compliance. Hicks emphasized that these plans are shaped by a thorough risk assessment process. This process includes analyzing institutional data, monitoring external trends, and conducting interviews with campus leadership to ensure that resources are allocated effectively to the most critical areas.

One of the notable changes discussed was the shift towards a more collaborative approach in audits. Hicks highlighted the importance of working closely with campus internal audit directors to identify pressing issues. This year, the audit plan will not only focus on compliance but also incorporate advisory service projects. These projects aim to provide management with guidance and support, moving beyond traditional audit functions.

The committee's discussions reflect a proactive stance on risk management, with an emphasis on preventing issues before they arise. By targeting high-risk areas and fostering collaboration, the University of California aims to enhance its compliance and audit processes, ultimately benefiting the entire university community.

As the meeting concluded, the committee members expressed their commitment to these initiatives, recognizing their potential to strengthen the university's operations and safeguard its resources. The outcomes of this meeting will play a crucial role in shaping the university's approach to compliance and risk management in the coming year.