Financial Audit Committee (FAC)

1
Financial Audit Committee (FAC)

• Annual Leadership Seminar
• January 24-25, 2002

2
Financial Audit CommitteeJob Products

• Annual financial audit, including selection of
  auditor

3
Financial Audit Committee Customers

• SAE Board of Directors
• SAE Members
• SAE Finance Committee
• Various Governmental Agencies

4
Financial Audit Committee Team 2002 Composition
(Members Staff)

• Rodica Baranescu, Chair
• Karl Goering
• Gregory W. Henderson
• S. Michael Hudson
• J. E. (Ted) Robertson
• Jana Waters
• Max E. Rumbaugh, Jr. SAE Staff
• Stanley C. Theobald, SAE Staff

5
Financial Audit CommitteeKey Activities

• Select SAEs independent outside auditor
• Meet with outside auditor each year to review
  SAEs audit report and evaluate internal
  accounting controls

6
Financial Audit Committee Measures

• Receive annual clean, no exceptions noted
  audit report