Meetings Held
Monthly
Appointing Authority
City Council
Board Term
Three years
Authority
Chapter 2, Article V
Ordinance No. 4173
Composition and Qualifications
Through education and experience, Audit Committee members shall
possess knowledge of the industry, an understanding of Generally
Accepted Accounting Principles (GAAP) and financial statements,
auditing experience, an understanding of internal controls, and
experience in business and financial risk management.
At least one member of the Audit Committee shall be a Certified
Public Accountant (CPA) or Certified Internal Auditor (CIA).
Committee Function
The Audit Committee's purpose is to ensure the independence of the
audit function and monitor internal controls and compliance
concerning City of Riviera Beach operations and applicable laws and
regulations.
The committee also oversees the City's risk-management, accounting
and financial-reporting processes, as well as audits of the City's
financial statements performed by an independent audit firm.