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Clean Water Services outlines plan for independent audit committee; board hears timeline and membership proposals
Summary
Clean Water Services presented plans to create an independent audit committee to oversee audits, internal controls and auditor selection; staff proposed membership, term limits and a timeline that would bring bylaws to the board March 4 and appointments May 20.
Clean Water Services Chief Financial Officer Kathy Leader told the Washington County Board of Commissioners that the utility will form an independent audit committee to provide oversight of financial accounting, reporting, internal controls and compliance.
The audit committee, Leader said, will act as a liaison among the board of directors, management and the utility's independent auditors and will participate in auditor selection and review corrective-action responses to management comments. "The audit committee . . . serves as that liaison between the independent auditors, the board, and management," Leader said.
The committee is intended to focus on the utility's specific accounting and operational issues, Leader said, noting Clean Water Services currently participates in Washington County's…
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