The duties of the Audit Committee shall include but not be limited to:
(a) Recommend the appointment of the independent auditor, subject to the responsibility of the Auditor of State.
(b) Studying and commenting on the proposed scope of the audit.
(c) Reviewing and evaluating the financial statements and conclusions of the independent audit.
(d) Examining any internal control weaknesses that the auditor discovers during the audit and recommending actions to correct the weaknesses.
(e) Considering the selection of accounting policies.
(f) Assuring that management has taken appropriate action to correct any deficiencies the auditor discovers during the audit.
(g) Review the annual unaudited financial reports submitted to the Auditor of State.
(h) Periodically review the process used to prepare interim financial information submitted to the Mayor and Council.
(i) Assist the Mayor in serving as a liaison between the office of the City Auditor and other City offices.
(Ord. 29-05. Passed 9-26-05.)