The Audit Committee (AC) exists to assist the Trustees of the State Board of Administration in fulfilling its oversight responsibilities in the areas of financial reporting, internal controls and risks assessment, audit processes, and compliance.
The primary duties and responsibilities of the AC are to:

• Serve as an independent and objective party to monitor SBA’s processes for financial reporting, internal controls and risks assessment, and compliance.
• Review and appraise the audit efforts of SBA’s independent auditors and Office of Internal Audit.

The AC currently consists of:

• Melinda Miguel - appointed by the Governor
• Douglas Darling - appointed by the Chief Financial Officer
• Kimberly Ferrell - appointed by the Attorney General

Committee members serve a four-year term at the will of their Trustee.

AUDIT COMMITTEE CHARTER 

OFFICE OF INTERNAL AUDIT CHARTER