Audit Committee Responsibilities
To determine the extent and nature of the audit procedures to be carried out annually on the Chapter's financial records, to arrange for such procedures to be conducted by an independent CPA, and to submit the resultant report to the Board of Directors. It is expected that the annual work will consist of an “agreed-upon procedures” report.
To arrange for such other auditing procedures as the Board deems necessary.
To perform financial related projects as deemed necessary by the Treasurer and for the Board.
To review the financial internal controls of the Chapter's finances and making recommendations to the Board.
To update the administrative manual for consistent record keeping from year to year.
To work with the Treasurer to ensure all financial review and analysis required by National HFMA are completed within the required time frame.
To Provide opportunities for professional development and growth in the area of accounting