Chair (Matthew Wheeler): Appointed by the Board of Governors
Members (Charles Rosenkrans, Pierre Comizzoli): One or two, jointly appointed by the Board of Governors and the Chair
Each member of the Committee will serve for 3 years, and may or may not become Chair of the Committee during this term, at the pleasure of the Board of Governors. A member of the Committee may be Chair more than once, but not in consecutive terms. Members, one or two, will be jointed appointed by the board of Governors and the Chair.
To fulfill the formal US tax law requirements to the Board as owners of the IETS Society.
To ascertain the validity and reliability of the information provided by the IETS society management, both in financial systems and records as well as in non-financial areas such as safety and security.
- Perform an annual financial and non-financial audit based on sampling. This audit is made in the fall, i.e. well after the end of the IETS fiscal year (01 July - 30 June).
- To determine if or when an external professional accounting audit should be retained.
- Prepare and present a report for the Board's meeting in January.
None, except when an external audit needs to be performed and then it could be up to $12,000.