UC Board of Regents discusses university audits

The UC Board of Regents’ Committee on Compliance and Audit met Monday to discuss annual audit reports and ethics and compliance activities.
The meeting, held via teleconference, was purely discussion-based and mostly consisted of committee members attempting to clarify parts of audit reports by posing questions to the committee.

Among those speaking at the meeting with the committee were UC Chief Financial Officer Peter Taylor and Joan Murphy, a partner at PricewaterhouseCoopers LLP, an external auditor for the university. The topics discussed ranged from funding for the UC retirement program to the university’s capital and operational lease decisions.

The public comment section was perhaps the most notable part of the meeting, when a man who called himself Jerry, representing a group he called “Bruins for Privatization,” addressed the committee, suggesting that they “price this university out of the 99 percent.” While it was unclear whether he was being sarcastic or not, board chair Sherry Lansing reminded him once he finished talking that his words were being streamed over the Internet.