Audit and Finance

Committee Name: Audit and Finance Committee


The Audit and Finance Committee will serve as oversight in regards to the financial operations, internal controls, and risk management of the MRSA organization. The Committee will also evaluate and recommend to the Executive on financial planning, reporting, and performance of the MRSA organization, and update policies within these areas in consultation with the Governance Committee. The Committee will also evaluate internal financial policies and procedures, in addition to important regulatory, legal, and contractual responsibilities. Recommendations brought to the Executive will be voted by simple majority.

Committee Members:

  • Craig Baskett (Chair)
  • Mariberth Blanco
  • Johanna Franconeri
  • Chad Miller
  • Christine Pepper

Committee Membership: 

  • Chair: MRSA Treasurer
  • One (1) Officer 
  • Three (3) MRSA Members 

MRSA members sitting on the Committee must be approved by the MRSA Executive and serve a two (2)-year term, with the option to renew for an additional two (2)-year term. Vacant positions on the committee shall be filled upon discretion of the Officers. A minimum of three (3) Committee members is required for meetings to proceed. 

Roles and Responsibilities

  • To draft a report (guided by the MRSA Treasurer) to the Executive on a quarterly basis
  • To provide recommendations on the efficiency of the Committee
  • To bring external counsel or advisors based on recommendation deemed appropriate by the Executive
  • To provide oversight on the performance of the external auditor and review the annual audit plan with the external auditor
  • To provide a review of the MRSA annual audited financial statements and provide oversight of the integrity of the financial information presented
  • To provide a review of the findings from all internal and external audits as a performance indicator
  • To provide a review of the financial reports presented to the Executive
  • To provide recommendations on any adjustments during the fiscal year
  • To provide recommendations on any capital projects
  • To provide recommendations on the annual MRSA budget
  • To assess and provide oversight of investments of the MRSA and make any recommendations if necessary
  • To provide an annual review of the MRSA insurance plans
  • To provide oversight and appropriate response on the prevention and detection of fraud
  • To present a financial report at the Annual General Meeting and respond to member queries

Comments are closed.