Standing Committee on Audit

The Committee recommends the selection, retention, and compensation of the Association’s independent auditors for approval by the Board of Governors; ascertains that the Association’s auditors are independent from the Association and its management and are ultimately accountable to the Board of Governors; reviews the results of the annual external audit and related reports for all financial statements; reviews the internal audit function of the Association including the proposed internal audit plan for each fiscal year and all reports issued by the internal audit department; receives, investigates when necessary, and causes response to be made to inquiries or complaints by any member or employee of the Association concerning financial operations of the Association.