The powers and duties of the Audit Committee shall consist of the following:
a. Approve an annual Assessment of Risk presented by the Office of Internal Auditor;
b. Approve an annual Audit Plan based on the approved Assessment of Risk;
c. Review quarterly internal audit progress towards approved annual Audit Plan;
d. Review the Annual Comprehensive Financial Report and recommend approval to the Board of Commissioners; and,
e. Recommend selection and retention of external auditor and ensure proper rotation of partner and firm as mandated by any applicable federal, state or local laws or regulations.
(Ord. BG2006-41, 11/21/2006)