Board Of Trustees Audit & Compliance Committee Meeting Agenda
The meeting agenda included several key new business items requiring action, specifically the acceptance of the Performance-Based Funding (PBF) and Preeminence Data Integrity Audits, and the subsequent approval of the Data Integrity Certification for submittal to the Board of Governors. Information items on the agenda covered the USF/DSO Independent Audit Reports, Annual Compliance Certifications of DSOs, and the Antifraud Framework Mid-Year Status. Supporting documentation detailed the findings of the PBF Data Integrity Audit, noting a moderate risk related to change management impacting the 2023-2024 Retention submission, and the Preeminence Data Integrity Audit, which identified a moderate risk concerning the utilization of a test dataset for the NSF HERD Survey reporting.
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The Governance Committee agenda included several action items. Key discussions involved the approval of the November 24, 2025, minutes, consideration of the Institute of Applied Engineering Board of Directors appointments, and the USF Foundation Inc. Board of Directors appointments. A significant item addressed the acceptance of the Performance-Based Funding (PBF) and Preeminence Data Integrity Audits and the subsequent required approval of the Data Integrity Certification, which must be submitted to the Board of Governors by March 1, 2026. Separate documentation provided details on the audit findings, noting that while controls were generally effective, moderate risks related to change management (PBF audit) and the utilization of a test dataset (Preeminence audit) were identified.
