BOARD BYLAW 9131 - AUDIT COMMITTEE CHARGE OR RESPONSIBILITIES
Purpose: The responsibilities of the Audit Committee shall include but not be
limited to the following:
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Recommend to the Board for approval the independent auditors.
Review the independent audit engagement including the fee, scope, and
timing of the audit, and any other services to be rendered, including non-
audit services.
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Review with the independent auditor’s district policies and procedures
regarding internal auditing and internal accounting and financial controls.
Upon completion of their audit, review with the independent auditors the
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cooperation they received from district personnel during the audit, the extent
to which district resources could be used to minimize the time spent on the
audit, and any significant matters of concern arising from the audit.
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Review with the independent auditors any significant transactions which
are not a normal part of the district's business, any changes in accounting
principles and practices, all significant proposed audit adjustments, and any
recommendations that they may have for improving internal controls, choice
of accounting principles or management systems.
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Review with the district's financial and accounting policies regarding
internal accounting and financial controls.
Review and recommend district policies to the Board to prohibit
unethical, questionable, or illegal activities by district employees.
Review with the internal auditor the organization and independence of the
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internal audit function; the goals and plans of internal audit including the
nature and extent of work; problems and experiences in completing internal
audits; and findings, conclusions, and recommendations as a result of
internal audits.
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Upon completion of the independent audit, review with the district's
financial and accounting managers their perception of the independent
auditors, any significant matters of concern arising from the audit, and the
extent to which recommendations made by the independent auditors have
been implemented.
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Prepare semi-annual written reports to the Board relating the results of
committee activities.
A. Call to Order
B. Roll Call
Chairperson Ross called the May 6, 2024, Audit Committee Meeting to order
at 6:01 P.M.
Present
3 - Secretary Bessie Weiss
Vice Chairperson Caroline Lee
Chairperson Elizabeth Ross
2 - Member (Vacancy) (Vacancy)
Member Jason Joseph
Absent