June 15, 2007

Financial Advisory Committee

Role and Duties of the Audit Committee:  Advisor to the Board of Education.  Responsibilities include:

1. Provide recommendations on the appointment of the internal and external auditor;
2. Meet with the external auditor to review draft audit, management letter, and risk assessment;
3. Oversee the Internal Audit Function, and review findings and recommendations; and
4. Provide recommendation to Board regarding acceptance of external audit and review implementation of corrective action plan.

Role and Duties of the Audit Committee pdf