6. THE AUDITING COMMITTEE

6.1. The Auditing Committee is the controlling organ of the Association. It is elected by the Convention for the term of two years.

6.2. Members of the Administrative Board and staff of the Association may not be elected to the Auditing Committee.

Members of the Auditing Committee may demand from the leadership and members of the Association any needed documents concerning professional, financial and business activities of the Association.

6.3. The Auditing Committee:

  • elects one member its President;
  • performs annual audits of business and financial activities of the Association;
  • supervises over observance of this Charter and current legislation in the work of the Association;
  • Results of the audits are presented by the Auditing Committee one time a year as a report to the Administrative Board, and one time in two years to consideration and approval of the Convention of the Association;

6.4. President of the Auditing Committee participates in the meetings of the Administrative Board with a right to consultative voice.

6.5. By decision of the Administrative Board independent auditors may be contracted for auditing financial and business activity of the Association.