Audit Committee
Meeting Minutes
July 2011 | May 2011 | February 2011
November 2010 | July 2010 | April 2010 |
February 2010
October 2009 | July 2009 | April 2009 | March 2009
Mission Statement
The committee’s primary function is to assist the board in fulfilling their oversight responsibilities by reviewing the systems of internal controls that management and the Board of Trustees have established, as well as audited financial statements and the audit process. The committee shall have the power to conduct or authorize investigations into any matters within the committee’s scope of responsibilities. The committee shall retain independent counsel, auditors or others to assist in the conduct of the investigation upon funding approval by the Board of Trustees.
Primary Duties
- To recommend to the board the retention or termination of an independent auditor
- To negotiate the compensation of the independent auditor for approval by the board
- To confer with the independent auditor to satisfy the committee members the financial affairs of the association are in order
- To review and determine whether to accept the audit
- To approve the performance of any non-audit services by the auditing firm
- To recommend to the board procedures for the receipt, retention and treatment of complaints regarding accounting, internal accounting controls or auditing matters
Qualifications, Special Skills and Knowledge
- Background in finance, economics or business
- Familiarity with financial statements
- Good follow-through
- Good verbal communication skills
- Previous board experience or service on CDA council/committee
Time Requirements
Committee Meetings: 4 one-day meetings per year
Composition and Terms of Office
The Audit Committee shall be composed of two trustee members and two at-large members. Trustee members are elected by the board and at-large members are appointed by the president. The term of office of the committee members shall be two years. The consecutive tenure of a committee member shall be limited to two full terms and one partial term.
| Current Committee Members | Component |
|
Terrence W. Jones, DDS, Chair |
Sacramento District DS |
|
Richard T. Kao, DDS, PhD |
Santa Clara County DS |
|
Terrence F. McCarthy, DDS |
Orange County DS |
|
Elizabeth A. Van Tassell, DDS |
Redwood Empire DS |
| Staff Support: Bob Spinelli Chief Financial Officer 916.554.4904 bob.spinelli@cda.org |
|
