The purpose of the Audit Committee is to assist the Board of Directors in fulfilling its oversight responsibilities for the financial reporting process, the system of internal controls over financial reporting, the audit process and AMCP’s process for monitoring compliance with laws, regulations and agreements.
Audit Committee members should have sufficient operational business acumen to interpret financial reports and audits. The Audit Committee consists of up to five members: Three voting members including the Chair must be Active members of AMCP; one non-voting Board Member Liaison (excluding the Treasurer), and one optional non-voting Public Member from the financial community outside of AMCP. Members of the Audit Committee shall not be drawn from the Finance Committee. Audit Committee members are appointed by the AMCP Board upon recommendation of the AMCP Executive Committee.
- Audit Committee Roster (available to AMCP members only)
- See also The Role of the AMCP Committee Member
For more information, contact the AMCP Staff Liaison: Mark Milligan