RESOLVED, By the Board of Trustees of the California State University, that the following
updated Charter for
the Committee on Audit is adopted.
The purpose of the Committee on Audit is to assist the Trustees in fulfilling its oversight responsibilities for
financial reporting process, system of internal control over financial reporting, external and internal audit
processes, and the university's process for monitoring compliance with laws and regulations.
The Committee on Audit will consist of at least five members as determined by the Trustees through the Committee
on Committees. Each committee member will be independent. Members will have access to financial expertise either
collectively among committee members or from a financial expert appointed to advise them. Regular meetings of the
Committee on Audit will be held on the same dates and in the same locations as regular meetings of the Trustees.
Other meetings may be called as provided for in the Rules Governing the Board of Trustees.
The Committee on Audit functions under the Rules Governing the Board of Trustees and is responsible for the
overall audit function within the California State University. In this context, the Committee on Audit shall: