Audit Committee: Difference between revisions

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The Audit Committee represents the Board of Trustees in its oversight of financial and accounting issues, providing advice and counsel based on the experience of Committee members in business, financial and accounting matters. It also serves as Board-level oversight of the relationship with the independent auditor (currently KPMG). Audit Committee members serve one-year terms, typically beginning in May or June each year. The Audit Committee is typically chaired by the Trustee who is serving as Board Treasurer, includes at least one other Trustee, and may include representatives from the community, advisory board, or other outside advisers.

The 2008-2009 Audit Committee consists of

Stu West, Committee Chair (Trustee, Board Treasurer)
Ad Huikeshoven
Michael Snow (Trustee)
Sue Gardner (WMF Executive Director), as an observer

Previous audit committees

For fiscal year 2006-2007

Florence Devouard (Chair of the board, ex officio)
Oscar van Dillen
Ad Huikeshoven
Sue Gardner (Executive Director)
Frieda Brioschi (trustee)

For fiscal years 2003-2004; 2004-2005, 2005-2006

Florence Devouard (Chair of the board, ex officio)
Oscar van Dillen (trustee)
Ad Huikeshoven
Brad Patrick (Executive Director)
Michael Davis (trustee, treasurer)

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 {{AuditLang}}
+The Audit Committee represents the Board of Trustees in its oversight of financial and accounting issues, providing advice and counsel based on the experience of Committee members in business, financial and accounting matters. It also serves as Board-level oversight of the relationship with the independent auditor (currently KPMG).  Audit Committee members serve one-year terms, typically beginning in May or June each year.  The Audit Committee is typically chaired by the Trustee who is serving as [[wmf:Treasurer|Board Treasurer]], includes at least one other Trustee, and may include representatives from the community, advisory board, or other outside advisers.
-The audit committee consists of
-* Stu West (trustee, treasurer)
+The 2008-2009 Audit Committee consists of
+* Stu West, Committee Chair (Trustee, Board Treasurer)
 * Ad Huikeshoven
-* Michael Snow (trustee)
+* Michael Snow (Trustee)
+* Sue Gardner (WMF Executive Director), as an observer
-Non voting members (per charter) are
-* the Executive Director (Sue Gardner)
-Stu West is the chair of the audit committee.<br>
-The committee is directed by the Board to take all steps necessary to prepare reviews, and the financial year external audit.
 == See also ==
-===Resolutions===
-* 2008 membership was appointed by Chair (per charter)
-* [[Resolution:Audit Committee Jan07]]. Chair added Sue Gardner to the committee in July 2007; Davis quit the board (and the committee) in November; Chair added Brioschi early 2008
-* [[Resolution Audit Committee]] (Jan 06)
 * [[Audit charter]]
-* [[Finance report]]
+* [[Financial reports]]
-===Previous audit committees ===
+==Previous audit committees ==
 '''For fiscal year 2006-2007'''