Audit Committee

Charge:

The Audit Committee is charged with providing assistance to the Board of Directors in fulfilling its fiduciary responsibility relating to accounting and reporting practices and in maintaining, by regularly scheduled meetings, a direct line of communication for the exchange of views and information between the Board of Directors and its independent accountants. The committee is also charged with providing advice to the Board of Directors on matters relating to litigation.

The duties include:

• working with the independent auditors and the CUAHSI staff to assure that the auditor's reports are responsive to the needs of the Consortium;
• evaluating the work of the independent auditor, and recommending to the Board of Directors the appointment of the auditor each year;
• evaluating CUAHSI's internal financial and accounting control mechanisms; and
• reviewing the Consortium's insurance and risk management program.