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Board of Trustees Regular Meeting Agenda #202217 September 27, 2022 9 AM1. Roll Call2. Pledge of Allegiance3. Public Comments4. Presentation of the 2021 Financial Audit by Joe Nightcap of Baker Tilly5.
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The audit and finance committee is a group within an organization, typically comprising board members, responsible for overseeing financial reporting, auditing processes, and ensuring the integrity of financial operations.
Organizations, particularly public companies, are required to file audit and finance committee reports as part of their compliance with financial regulations and governance standards.
To fill out the audit and finance committee report, organizations must gather financial data, assess the compliance and performance of financial processes, and clearly document findings and recommendations.
The purpose of the audit and finance committee is to ensure the accuracy of financial reporting, oversee the external audit process, and provide transparency and accountability in the organization's financial practices.
Information reported should include financial statements, audit findings, compliance with financial regulations, risk assessments, and any recommendations for improvements.
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