UNIVERSITY OF NORTH CAROLINA WILMINGTON Board of Trustees Report to the Audit Committee April 16, 2015 Report: Institutional Risk Management (IRM) Update Summary As outlined in the UNCW Audit Committee Charter, the board members of the audit committee are kept informed of Institutional Risk Management’s regular and repeatable processes designed to manage institutional risk. Each April, the Office of Institutional Risk Management (IRM) provides a full report to the Audit Committee of the Board of Trustees on the status of the IRM process at UNCW. This report is an annual update regarding the top risks of the University. It also illustrates the increasing depth of the IRM process at UNCW by revealing identified and emerging risk topic areas across the institution. This is not an action item. UNCW Audit Committee Page 1