Oakland Community College
Audit Committee

OCC Audit Committee

OCC Seeks Community Members for Audit Committee

The Oakland Community College Board of Trustees is seeking a community volunteer to serve on the Board's Audit Committee. OCC is Michigan’s largest community college and the 25th largest in the nation. OCC's budget for fiscal year 2014-2015 is approximately $157 million.

The Audit Committee is composed of three OCC Trustees and four community members. Duties include:

  • Developing and periodically reviewing audit-related policies for approval by the Board of Trustees;
  • Reviewing the audit plans for the coming year and discusses with the external audit firm;
  • Meeting with the audit firm to review the audited financial statements and the audit report on federal awards received as required by federal law or regulation, including OMB Circular A-133;
  • Addressing any issues identified in the required communications and management letter;
  • Reviewing the performance of the auditors annually, ensuring continued independence;
  • Reviewing with management and the external auditor the internal control process and the risk management and mitigation process;
  • Reporting the results of the audit and providing recommendations based on the findings to the Board of Trustees for approval;
  • Reviewing the College’s whistleblower policies and procedures for appropriateness and effectiveness;

Community Audit Committee candidates must reside or work in Oakland County and submit an application form. Upon appointment by the OCC Board, community volunteers will serve a two-year term.

Applications to serve on the Audit Committee may be obtained and completed online by accessing the link located here.