Purpose
The purpose of the policy is to establish the authority of the Board of Trustees to appoint an independent audit firm(s) to conduct an annual audit of the university’s financial statements, annual tax returns, and other special accounting needs/projects of the university.
Policy
An external audit firm(s) appointed by the Board of Trustees conducts an annual audit of Lynn University’s financial statements, files the annual tax returns, and conducts other special accounting needs/projects of the university. The external audit firm(s) partner shall be required to meet privately with the members of the Audit Committee of the Board of Trustees at least annually to discuss management.
Definitions
Not applicable.
Procedures/Guidelines
Not applicable.
To learn more about this policy or the supporting procedures, please contact Finance.