Charge
To provide oversight of the annual CAP external audit.
This committee reports to the Board of Governors. View a list of the Current Committee Members.
Commitment
| Time Commitment Requirements | |
|---|---|
| Number of face-to-face meetings | 0 |
| Length of meetings | 1 hour |
| Number of conference calls | 2-3 calls per year |
| Hours/year of committee work required outside of meetings | 1 hour |
Activities of Committee
- Reviews the audit process with the auditors
- Reviews the results of the audit process after the audit is completed
- Discuss any issues related to the audit in an executive session with the auditors
Expertise or Experience
- Some understanding of the CAP and a general business understanding
Benefits of Committee Membership
- Participation on this committee exposits the member to the process that the auditors will be using during the audit
Representation on Committee Beyond the CAP
- The audit partner and manager are the only outside representatives that attend the meetings