About the Committee: The Audit Committee shall be comprised of five members each of whom shall be independent, and free from any relationship that, in the opinion of the FICPA Council, would interfere with the exercise of their independent judgment as a member of the Audit Committee. All members of the Audit Committee must be a Florida CPA and at least three members shall be active members of the FICPA Council. All members of the Audit Committee shall be financially literate and at least one member of the Audit Committee shall have expertise in financial auditing and reporting.

Each member shall serve a three year term and no more than two members shall stand for appointment each year. No member shall serve for more than two consecutive terms.

The primary purpose of the Audit Committee is to assist the FICPA Council in fulfilling its financial oversight responsibility to the Members and others. The Audit Committee shall report to the FICPA Council relating to items such as:

  • The integrity of the FICPA’s annual audited financial statements, financial reports and other financial information;
  • Independent auditor’s qualifications, performance, and independence;
  • Systems of internal controls;
  • Ethics policies that management and the Board have established, and
  • Auditing, accounting and financial reporting policies.