The Audit Committee reports to the Board concerning:
Audit matters
- Recommendations on the engagement (or disengagement) of independent auditing firms
- Consultation with auditor to satisfy committee members that the organization’s financial affairs are in order
- Review of the annual independent audit report, and any other financial audits of the University Center
- Whether the audit(s) should be accepted
- Approving the performance of any non-audit service provided by the auditing firm
Who Composes the Committee?
- the Chair of the Board - Chair Pro-Tem
- the Secretary/Treasurer of the Board
- one (1) additional board member appointed by the Chair
- the Executive Director (non-voting advisor)
The chair shall be elected by the committee’s membership.