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Audit Committee

The Audit Committee is responsible for recommending independent auditors to be hired by the Board of Directors. The Audit Committee works directly with the auditors engaged to perform the annual audit of the Association, as required by Section 4.6 of the Association’s Bylaws. The primary function of the Audit Committee is to assist the Board of Directors in its oversight responsibilities pursuant to Section 7.5 of the Association’s Bylaws, specifically with respect to the following: 

a. The audit of the Association’s books and records; 

b. The Association’s system of internal controls; 

c. The Association’s financial reporting processes; 

d. The quality and integrity of the Association’s audited financial statements and reporting; and, 

e. Evaluating the performance of the independent auditors.