Audit Advisory Committee Objectives and Responsibilities

AI Summary

The City of Marco Island created an Audit Advisory Committee to help the City Council oversee the city's money management, audit processes, and financial performance. The committee's main jobs are to review financial reports with city managers and outside auditors, look for ways to improve how the city handles money, check that the city has good internal controls to prevent fraud and mistakes, and meet with outside auditors at least five times a year. Committee members must be city residents with financial experience and cannot serve more than 8 years in a row.