As a member of the Audit Committee, a committee of the NACE International Board and the NACE Foundation Board, (s)he is responsible for the appointment/dismissal of the independent auditor to perform the annual financial audit.
Responsibilities include:
- review annual audited financial statements and related footnotes
- review any significant findings and recommendations of the auditor
- review the adequacy of internal controls
- time commitment is 8-10 hours per year
Qualifications: A member of the NACE Board of Directors and independent of management
Requirements:
- Serve a 3-year term that coincide with her/his term on the NACE Board
- Shall be familiarized her/himself with the accounting/reporting principles and practices applied by NACE within a reasonable period of time after appointment to the Committee.
- Meet no less than 2 times per year