Audit Committee

Audit Committee

 | Friday, March 3, 2017

Mission Statement:  To provide technical and operational direction for the annual audit of USA Swimming finances, to serve as a liaison to the Board of Directors and the external audit team, and to ensure that the highest levels of accountability are applied to all financial procedures. 
 
Membership:  The Audit Committee shall be comprised of five members appointed by the President, as follows:  an Executive Committee member, a Zone Director, an athlete from a slate submitted by the Athletes’ Committee, and two additional members with designated financial experience.  No member of the committee shall have check-signing authority for the corporation.  Each non-athlete member shall serve a four-year term, staggered so that one member is named each year. 
 
Responsibilities: 
 
1. Reviewing and accepting the annual audited statements, accompanying opinion letter, and management letter.  
 
2. Making a recommendation for acceptance to the Board of Directors. 
 
3. Evaluating the system of internal control of the corporation. 
 
 
 

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