Audit Committee

Committee operations - Articles of Association and Rules of Internal Order

The Audit Committee is established in accordance with the wishes of the General Assembly and the ECIIA policies.

There shall be no fewer than 3 members and a quorum shall be 2 members. The members shall be proposed to the General Assembly by the Management Board, such proposal to include a recommendation for the appointment of the Chairman of the Committee.

Committee meetings shall be held at least once per year; other meetings may be held also by any electronic or communication means such as telephone and video conferencing as agreed by the Committee members.

The Committee shall review ECIIA financial statements before submission to the General Assembly, focusing particularly on:

• compliance with ECIIA procedures and policies as appropriate
• any changes in accounting policies and practices
• significant adjustments resulting from any audit
• compliance with accounting standards
• internal financial controls 
• compliance with legal requirements
• corporate governance requirements.

The Committee shall discuss difficulties and qualifications arising from an audit and any other matters the external auditor may wish to discuss.