501 HFC Audit Committee

The Audit Committee shall be composed of three regular members of the Board and is charged with developing and monitoring the audit processes of the Board. In addition, an alternate member shall be appointed and will attend committee meetings in the absence of a regular member. The Committee shall recommend audit policies and procedures to the Board for its review and consideration including the following:

1. The appointment, compensation, and oversight of the work of any registered public accounting firm employed by the college.

2. Establishment of procedures for:

   1. The receipt, retention and treatment of complaints received by the College regarding accounting, internal controls and auditing matters.

   2. The confidential, anonymous submission by employees regarding questionable accounting or auditing matters.

   3. The appointment, compensation, and oversight of independent counsel or other advisors as deemed necessary to carry out the Board's audit duties.