The Audit Committee maintains a continuing review of the internal controls and audit affairs of ANSI. It makes appropriate recommendations to the Board or to the Executive Committee of the Board and reports to the Board at each meeting of the Board.
The mission of the ANSI Audit Committee includes the following:
Overseeing ANSI's accounting and financial reporting processes and the audit of ANSI’s financial statements
Annually retaining an independent auditor and reviewing the auditor’s performance
Reviewing the scope of audit with the auditor before the audit begins, and reviewing the results of the audit and any related management letter with the auditor
Discussing material risks and weaknesses in internal controls identified by the auditor
Assisting the Board in its oversight and assessment of the adequacy and integrity of ANSI’s accounting system, internal controls, financial statements, audit reports, and audit processes
Periodic review of internal financial controls, including Board Conflict-of-Interest policies