Audit Committee

This committee is responsible for overseeing the annual audit of the Society’s finances.

 

Specific Tasks

• Obtain year-end financial records from Treasurer.
• Arrange for independent audit of annual financial report.
• Review audit with independent auditor and resolve any issues.
• Establish and oversee checks-and-balances procedures.
• Monitor adherence to the Code of Ethics.
• Address all reported concerns and complaints regarding corporate accounting practices, internal controls, or auditing.
• Oversee compliance with Record Retention and Document Destruction Policy.
• Oversee compliance with Policy for Safeguarding Tax Exempt Status.
• Oversee the signing of annual statements regarding the Conflict of Interest Policy.
• Maintain minutes of committee meetings.
• Provide report to Board of Directors at each board meeting.

© 2008 Penacook Historical Society