UNIVERSITY OF NORTH CAROLINA WILMINGTON
Board of Trustees
Report to the Audit, Risk and Compliance Committee
January 14, 2016
Report: Institutional Risk Management (IRM) Update
Summary
As outlined in the UNCW Audit, Risk and Compliance Committee Charter, the
board members of the ARC Committee are kept informed of Institutional Risk
Management’s processes designed to manage institutional risk. Each April the
Office of Institutional Risk Management (IRM) provides a full report to the ARC
Committee of the Board of Trustees on the status of the IRM process at UNCW.
This report is an update on information presented in April 2015 regarding the Tier
I risks. The purpose of this report is to highlight management’s response, including
programs, processes, and accomplishments from April 2015 through December
2015. This report identifies the next steps, which will include in depth assessment
of the top risks, assessment of identified and emerging risk topic areas, stakeholder
interviews and a final report to the board members of the ARC Committee in April
2016.
This is not an action item.