The Audit Committee will review the prior year's financial reconciliation documents prepared by the SFB Auditor and will periodically review the policies and procedures by which the Society and headquarters staff handle funds.Composition:
The Audit Committee shall be composed of three members – the 2nd past president serving as chair, one additional past-president selected by the chair, and the Member-at-Large. Any member of the Audit Committee who may have a conflict of interest (e.g., immediate past treasurer, close associate/relative of the treasurer) will be recused and a replacement appointed by the chair of the Committee.Goals of the 2013-2014 Audit Committee:
This committee's responsibilities this year are twofold: 1. to review proposals from audit companies to serve as the Society auditors and select one (our contract with the current audit company expires), and 2. To interact with and review the auditor and their report on the Society's finances.