New Jersey § 18a:3b-48
Full text of New Jersey New Jersey Statutes § 18a:3b-48, with citation guidance and answers to common questions.
§ 18a:3b-48.
a. The governing board of a public research university or a State college shall establish
an audit committee. The chairman of the committee shall have accounting or related financial management
expertise and the governing board shall make efforts to ensure that a majority of
the members of the committee have such expertise. b. The audit committee shall have a written charter that addresses the committee's
purpose and responsibilities which shall include, but not be limited to: (1) assisting the board in ensuring and safeguarding the integrity of the institution's
financial statements; (2) assisting the board in overseeing and evaluating the performance of outside auditors
retained by the institution; (3) assisting the board in overseeing and evaluating the performance of the institution's
internal audit function; (4) ensuring that allegations of misconduct or conflict of interest are evaluated
and investigated; and (5) ensuring the institution's compliance with all relevant legal and regulatory requirements. c. The audit committee shall prepare an annual audit committee report for submission
to the institution's governing board. d. The committee shall keep minutes of its meetings.
Frequently Asked Questions About New Jersey § 18a:3b-48
What does New Jersey Statutes § 18a:3b-48 cover?
Section 18a:3b-48 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 18a:3b-48?
A common citation format is "New Jersey Statutes § 18a:3b-48" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 18a:3b-48 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.