Audit Committee

The Audit Committee (AC) provides guidance on fiscal management issues of the Society. Following each fiscal year, the committee reviews the audit of APS financial statements with the Society’s independent auditors and submits a written report to the Board. In addition, the AC may be periodically asked to review the Society’s system controls. The committee is also responsible for reviewing and selecting the independent auditors.

The membership of the AC consists of four (4) Board members, who are not officers of the Society or members of the Finance Committee (FC), selected by the Board Executive Committee (BEC) and appointed by the President-Elect to staggered four (4) year terms that may extend two (2) years beyond their term on the Board and up to two (2) external experts with auditing and non-profit finance expertise selected by the Treasurer, confirmed by the BEC, and appointed by the President-Elect. The external experts are not required to be members of the APS and they serve at the pleasure of the committee Chair. The Treasurer serves as a non-voting advisor to the AC. The member serving in their third year chairs the committee.

The AC is an advisory Board Committee.