Leadership
Marius Du Toit
Chair
Stanislav Vrtunski
Vice-Chair
Role
- The Audit and Finance Committee shall review policy and financial outcomes relating to:
- budgets and delegated authorities;
- investments, expenses, Sections, and Congresses;
- reimbursement of internal expenses, gifts from the IAA, and terms of financial contracts.
- The Audit and Finance Committee shall recommend the annual financial statements and the appointment of the auditor to the Council for approval. The Audit and Finance Committee shall also provide appropriate annual certification in relation to specific financial matters and other matters delegated to the Audit and Finance Committee.
- The Audit and Finance Committee shall monitor all electronic Council ballot results annually.
- The Audit and Finance Committee shall monitor compliance with regulatory requirements through the annual certification produced by the Secretariat.
- The Audit and Finance Committee shall be responsible for oversight of risk management, including (i) identifying key risks to the IAA, (ii) quantifying risk exposures, (iii) assisting Council in defining risk tolerance, (iv) recommending risk management actions, and (v) providing risk information needed to support strategic objectives and decisions. The Audit and Finance Committee shall produce an annual report to Council on its oversight of risk management.
Resources
Committee Members
Terms of Reference
The Terms of Reference are outlined in Section 4.3 of the International Regulations