June 12, 2025 - Audit & Compliance Committee, University of Minnesota Board of Regents

The University of Minnesota Board of Regents Audit & Compliance Committee met on June 12, 2025, to discuss several key topics including Title IX compliance in Division I athletics and the internal audit update and plan. Athletics directors from the Twin Cities and Duluth campuses presented detailed reports on Title IX compliance, highlighting proportionality in female athlete participation and scholarship aid, with both campuses meeting federal requirements. The committee also reviewed the internal audit department's recent work, including completed audits, outstanding high-risk items, and proposed changes to reporting metrics to streamline processes. The Chief Auditor presented the FY 2026 audit plan, emphasizing a risk-based approach with tiered audits and the need for flexibility due to evolving risks and staffing constraints. The committee approved the audit plan and discussed ongoing challenges such as resource limitations and the balance between unit and process audits. No specific contract awards or procurement decisions were reported during the meeting.