The Financial Audit Committee members shall have the following duties and responsibilities:
(a) Review the annual unaudited financial report submitted to the Auditor of State;
(b) Periodically review the process used to prepare interim financial information submitted to the City;
(c) Review audit results;
(d) Provide recommendations concerning the audit process and assure that such recommendations are appropriately addressed; and
(e) Serve as liaison between management and independent auditors.