Standing Committee

Finance and Audit Committee (FAC)

About the Finance and Audit Committee

The Audit and Finance Committee consists of the Treasurer and at least two (2) but no more than four (4) additional committee members appointed by the Board from among the Directors or employees of the Firm Members or Affiliated Organizations.

The duties of the Audit and Finance Committee are:

  • To review the auditor’s plan to review the system of internal controls and to receive a report from the auditor on the results of such review;
  • To review the annual financial statements of the Corporation, together with the auditor’s report thereon, and to discuss those financial statements and the auditor’s report with the Treasurer and the auditor; and
  • To make recommendations to the Board with respect to the financial statements of the Corporation and the fees, if any, paid for audit services; and
  • To perform such other duties as may be determined by the Board from time to time.

The Treasurer of the Board is the chair of the Audit and Finance Committee, unless another committee member is appointed by the Board to be chair.

Interested in becoming a volunteer?