An Audit Committee has been adopted by the Council of the American Ophthalmological Society
(AOS). The Audit Committee shall review and reassess this charge annually and recommend any proposed changes to the Council for approval.
Role and Independence
The Committee assists the Council in fulfilling its responsibility for oversight of the quality and integrity of the accounting, auditing, internal control and financial reporting practices of the AOS. It may also have such other duties as may from time to time be assigned to it by the Council.
The membership of the Committee shall consist of at least the Executive Vice President, Council Chair and a Past President, appointed by the Council. The EVP and the Council Chair will serve on this committee during the duration of time that they hold those positions and the Past President will serve for a maximum of 3 years. The Committee shall maintain free and open communication with the independent auditors and San Francisco Association Management Services.
The appointed Past President will serve as Chair. The Chair shall be responsible for leadership of the Committee, including scheduling and presiding over meetings and making an annual report to the Board.
The Committee shall meet in person or by phone conference at least once per year with the independent auditors.
The general recurring activities of the Committee in carrying out its oversight role are described as follows: