¶ 614. The
council shall have the following authority and responsibility with respect to
the auditing of the financial records of the conference and its
agencies:
1. To have the accounts of the
conference treasurer for the preceding fiscal year audited by a certified public
accountant within 120 days after the close of the conference fiscal year and to
receive, review, and report such audit to the annual
conference.62
[FTN] 62. See Judicial
Council Decision 334.
As a part of the audit, the
accountant shall confer with the presiding bishop of the annual conference and
the president of the council.
2. To require and review at least
annually audited reports, in such detail as it may direct, from all conference
agencies and from all agencies, institutions, and organizations receiving any
financial support from conference funds or from any authorized conference-wide
appeal.
3. To require and review at least
annually, in such detail as it may direct, compiled or audited reports of all
funds received or administered by districts or district agencies, including
funds held or administered by treasurers or officers other than the conference
treasurer. Based on its review of such audits, the council may make such
recommendations to the annual conference as it deems
appropriate.
4. The council may establish an
audit review committee to review all of the reports and audits required by
¶ 614.1, .2. If the council chooses to establish such a committee, at least
half of its members should be persons who are not members of the council and who
are chosen for their expertise in areas related to the work of the committee.
Consideration shall be given to inclusiveness (¶¶ 103, 117) in the
selection of persons to serve on the committee.