SAIR Audit Committee
The SAIR Bylaws state: "An Audit Committee shall be appointed by the President for each annual business meeting. The Audit Committee shall audit the Treasurer's books for the preceding fiscal year." The overall goal is to draw a conclusion that the Treasurer and the Board have been good stewards of the membership's money while determining that the statements from SAIR financial institutions are consistent with the financial reports reported by the Treasurer to the Board and membership. Guidelines for the Audit Committee Obtain from the previous year’s Treasurer copies of all statements pertaining to the SAIR financial institutions for the preceding fiscal year Obtain copies of the preceding year’s "check register" as well as quarterly reports and the entire year financial statements (for the past two fiscal years) as reported to the Board and published to the membership Request copies of invoices for specifically selected and/or randomly selected check register items Pose questions (if appropriate) about any shifts in significant increases and/or decreases of revenue and/or expenditures from the previous year Validate from the above activities that the SAIR revenues and expenditures as reported to the Board and membership were reflected appropriately Finally, submit a brief report by July 1 to the President of SAIR with a copy to the Treasurer of the Committee's findings