CBB Audit CommitteeView Past CBB Audit Committee Meetings
The CBB Audit Committee works with the independent auditors engaged by the Board to ensure that its books and records, internal accounting controls and management practices assure the proper level of accountability. The committee meets annually at the Beef Board winter meeting and is “staffed” by representatives of the audit firm. The committee’s chairman and members are Beef Board members appointed by the Board’s elected officers. Among its specific duties, this committee: considers and recommends an independent audit firm for the succeeding year for approval by the Beef Board; considers and recommends any changes to the frequency of audits/reviews conducted by an independent audit firm for the succeeding year for approval by the Beef Board; meets with the auditors to discuss the audit procedures performed and the results thereof; discusses any suggestions from the audit firm relating to improvements in the Board’s internal accounting controls and procedures; presents results of the annual audit to the full Beef Board; and considers the staff’s recommendations and resolutions of issues identified by the auditors.