Audit Committee
The Board of Directors of The Augustan Society, Inc., will occasionally determine that it is appropriate to conduct an audit (or records review) of the Society's books, including those of all Sub-Groups. On those occasions, it may be found appropriate to name an Audit Committee, either to audit the books themselves, or to select and contract with a competent service provider.
It is suggested that an audit be conducted whenever the Treasurer or Assistant Treasurer changes, or when serious questions have been raised about the books, even when such questions appear to be frivolous.
While this is nominally a function of the Board, it is suggested that non-Board members be appointed to further eliminate any appearance of impropriety.
The results of the Audit will be presented to the Board, and on acceptance, be made a part of the Minutes. Publication of the results would depend on the specific circumstances leading to the audit, and is subject to the discretion of the Board.
