Audit and Risk Committee

Role Overview

• The Audit and Risk Committee assists the Board of Trustees in fulfilling its oversight responsibilities for the financial reporting process and system of internal control
• The external auditors’ qualifications, independence, and performance
• The adequacy and effectiveness of the process for monitoring compliance with laws, regulations, and the code of ethics
• The adequacy and effectiveness of risk management practices

Requirements

• Financial literacy is required
• Experience in one or more of the following areas is helpful: audit committee experience; finance; enterprise risk management; technology/IT; investment/endowment management; publishing; health plans; strategic planning; diversity, equity and inclusion; human resources; law; not-for-profit industry knowledge; leadership roles; marketing/public relations; accounting; auditing

Benefits

• A position with the Audit & Risk Committee is strictly VOLUNTEER, and is NOT a paid position.
• There are pre-read materials for most meetings including audit firm communications, draft financial statements, and information from management about various risk management areas.