Bridging the Gap: Best Practices for Audit Committees
Recorded On: 05/28/2020
An audit committee provides an independent review and oversight of a government's financial reporting processes, internal controls, and independent auditors. GFOA's best practice guidance recommends that all governments establish an audit committee. This session will be based on GFOA's best practice statement and will provide answers to frequently asked questions on audit committees including: what should the committee do, who should serve and how much financial knowledge is required to serve, how often should the committee meet, what is the proper level of funding, and more.
Brian W. Caputo, Ph.D., C.P.A.
President, College of DuPage
Brian W. Caputo serves as the President of College of DuPage, bringing more than 35 years of strategic management and leadership experience drawn from a broad range of senior executive positions in higher education, local government, and the military. Previously, he was the Vice President for Administrative Affairs and Chief Financial Officer for the College. Dr. Caputo is a member of the Governmental Accounting Standards Board.
Before coming to College of DuPage, Dr. Caputo was the Chief Financial Officer/City Treasurer of the City of Aurora, Illinois, for nearly 19 years. He is a certified public accountant (licensed in Illinois and Florida) and a certified public finance officer.
Dr. Caputo holds a B.S. from the United States Military Academy, an M.S. in Accountancy from DePaul University, and an M.P.A. from Northern Illinois University. He earned a Ph.D. from Northern Illinois University with public administration as a primary area of study.
Lenny Moore, CPA, MBA, CGFM
Controller, Chicago Public Schools
Lenny Moore, CPA/MBA/CGFM, Controller for Chicago Public Schools, has over 20 years of experience working as a public sector finance and accounting professional. He has worked at nearly all levels of government. He worked for 10 years on the federal level with the United States Government Accountability Office, and 15 years at the local and special district levels of government. Furthermore, he had the opportunity of working on a team assisting a foreign country with the overhaul of their finance and accounting processes and systems. He has spent the past 11 years working for Montgomery County Government in the State of Maryland. Recently, he was appointed the Controller for Chicago Public Schools.