Audit Committee
The Audit Committee provides independent oversight into the organization's accounting and financial reporting and oversees the organization's annual audit. The Audit Committee oversees, with the approval of the board of governors, the following range of areas:
- Governance
- Ethics
- Adequacy of internal controls (i.e. review of accounting or fiscal operations manual)
- Proper authorization of activities and expenditures
- Review of the tax-exempt status and identification of activities that could jeopardize this status
- Protection of employees raising concerns about serious accounting or auditing irregularities
- Selection and appointment of the independent auditing firm