It is hereby proposed to amend the Bylaws of the Society to provide for an Audit Committee to be a standing Administrative Committee of the Pennsylvania society of Sons of the Revolution.  The Audit Committee shall have specific duties, responsibilities and authorities, including the sole authority and responsibility to select and contract for professional accounting and audit services and to review and report to the Board of Managers on the finding of the certified public accountant's review of the Treasurer's accounts for the current fiscal year.

The contract for the annual independent audit by a certified public accountant of the Treasurer's annual accounts shall include review and access to all the Society's receipts, expenses and payments.  The audit report is to be completed, received, and ready for review by the Audit Committee for report at the Annual Meeting of the Pennsylvania Society of the Sons of the Revolution.

The Committee shall review and analyze the results of the independent audit and report first findings, along with its recommendations to the Board of Managers at the first regularly scheduled meeting of the Board following the receipt of the audit:

The Committee shall advise the Board of Managers with regard to any management comments made or suggested by the auditor's report.

The Committee shall also make any other appropriate recommendations to the Board of Managers.

The President of the Society shall appoint the Audit Committee and its members, each said member to serve for a term of one year or until the next Annual Meeting, whichever shall first occur.

The Audit Committee shall consist of at least three and no more than five members in good standing, at least three of whom shall be selected from the members of the Board of Managers but none of whom shall be subject to either of the following criteria:

1. Possess authority to sign checks on any of the Society's accounts;
2. Hold or have held within one year of appointment to the Audit Committee the position of Secretary, Treasurer, Assistant Treasurer or Chairman of the Finance Committee.

The Audit Committee shall elect its chairman at its first meeting and shall notify the President of the Board of Managers the identity of the chairman at the next regularly scheduled Board of Managers meeting and shall be available to the President and the Board for comment and as a resource during the term of the Committee.

The adoption and implementation of this proposal by the Board of Managers is subject nevertheless to the adoption of the proposed amendment to the Bylaws of the, Society at the Society's regularly scheduled Annual Meeting, to be held on Thursday, 12 April 2001.

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