Joint Audit Committee

The Audit Committee is responsible for selecting an independent auditor to complete an audit of the financial statements of the American Academy of Neurology (AAN), the American Academy of Neurology Institute (AANI), and the American Brain Foundation (ABF). The Committee reviews the report and submits recommendations concerning financial operations to the Board of Directors.

Chair: Wendy Van Fossen, CPA

Staff Liaison: Kevin C. Myren, CPA, Chief Financial Officer

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JOB DESCRIPTION

Responsibilities

• Select the audit firm to conduct an independent audit of the organization's financial statements
• Review and approve the audit scope
• Review and approve any proposed involvement of the audit firm in activities other than the annual audit
• Consider and review, with management and the auditors, the adequacy of the organization's risk management methodology and internal controls, including computerized information system controls and security
• Review and address the management letter and auditor's comments
• Review any serious difficulties or disputes with management encountered during the course of the audits
• Review IRS Form 990 and related disclosures
• Review other matters related to the conduct of the audits that are to be communicated to the Committee under generally accepted auditing standards
• Make recommendations to the Board based on the Committee's review activities

Estimated Time Commitment

The committee meets by conference calls which generally are one to two hours in length. The number of calls per year is estimated to be four to five calls.