Responsibility:

The Audit Committee shall develop, implement, and maintain sound audit procedures for the Association in accordance with the concerned Auditing agency, and with legal requirements to which the Association is bound. The Committee shall recommend to the Board, if  needed, selection of the independent firm to serve as auditor, meet with the auditor prior to commencement of the audit and periodically during the audit to oversee the scope and progress of the audit, review the audited financial statements, review the auditor’s letter, establish procedures for the confidential receipts and treatment of complaints regarding accounting and auditing matters, and make recommendations on these matters to the Board of Director. The Committee shall examine and consider other matters relative to the financial control and auditing of the Association as directed by the Board.

 

Organization:

The Audit Committee shall consist of at least five (5) members including two (2) members who are current Association Directors. Finance Committee members may not serve on the Audit Committee. The Chair of the Audit Committee shall be a member in the final year of their term on the Audit Committee and shall be selected by the Audit Committee. A signed Conflict of Interest statement shall be required from all members of this Committee. Members normally serve three (3) year terms with the exception of Association Directors who serve one (1) year terms.

 

Roster:                                                                    Contact Nos.                   Location / Email Address

1. Manuel “Manny” Punay

2. Simplicio “Sam” Gonzales

3. Gener Delector

4. Eddie “Ed” Gonzalbo

5. Gener Delector