Board of Trustees
LCC > Board of Trustees
1.3 Board Committees
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1.3.1 |
Committees |
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1.3.2 |
Audit Committee |
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1.3.1
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Committees
There shall be such standing committees of the
Board as established from time to time by the Board or the Board
Chair. There shall be one permanent standing Committee: the Audit
Committee, as provided for in Section 1.3.2 below. There may be
appointed special committees to study issues and perform tasks.
These committees shall be appointed by the Chairperson for certain
expressed purposes and periods of time, consistent with Governance
Policy GP-304.
(Amended 5/6/03, 10/17/05, 9/18/06, 1/22/08)
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1.3.2
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Audit Committee
Members of the Audit Committee shall be appointed by the chairperson
of the Board of Trustees and shall serve as a standing committee to
meet with the College's auditors in advance of and during the annual
college audit, to review the College's financial policies as may be
appropriate, and to address other financial and related issues the
Board or committee members deem appropriate, consistent with
Governance Policy GP-305.
The Committee shall review all reports from the
independent auditor; preparation of audit specifications and audit
RFP responses; and handling of anonymous or confidential allegations
of financial or other irregularities and shall make referral to
either internal or external auditors or other agencies if
appropriate.
(Amended 5/6/03, 10/17/05, 9/18/06,
1/22/2008)
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