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The original item was published from 9/1/2022 10:27:30 AM to 9/1/2022 10:43:30 AM.

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Posted on: September 1, 2022

[ARCHIVED] OPENINGS FOR FIVE (5) AUDIT COMMITTEE MEMBERS

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~Openings for Five audit committee Members ~

Heber City Corporation is currently accepting applications for five audit committee members. 

The Audit Committee makes recommendations to the City Council regarding financial matters, including selecting the external auditor, internal control improvements, internal audit scope, review of the completed audit, review of hotline complaints, and other financial policies as necessary.  The Committee consists of three to five voting members and two non-voting ex officio members consisting of the City Manager and Finance Manager.  The Committee meets at the City Administrative Offices as scheduled.  It is anticipated that the Committee will meet 3-5 times annually.  Audit Committee members should have the necessary experience and skills to provide effectively:

Independence. The audit committee should be independent of both management and the auditor, thus enhancing the integrity of the financial reporting.

Communication. Audit committees are effective communication intermediaries between management, the auditor, and the governing authority.  Auditing and financial reporting involve increasingly complex and specialized processes that are generally not fully understood by the members of a government’s governing authority.  The members of the audit committee help magnify the governing authority’s effectiveness through independent communication of complex and specialized issues.

Accountability. Accountability is enhanced by the synergy between the elected officials with ultimate responsibility for financial reporting and internal controls and the audit committee members with the education and experience necessary to advise the governing body on complex financial reporting and internal control matters. 

Member Experience and Skills. Public sector audit committee members should collectively possess the experience and skills necessary to carry out the Committee’s responsibilities with respect to the financial audit and internal controls.  While it is recommended that most committee members come from outside the government, familiarity with the public sector environment and governmental accounting is helpful.  Individual members should possess the following knowledge, skills, and abilities:

  • Knowledge of the entity, its environment, and constituency.
  • Knowledge of and experience in accounting, auditing, and financial reporting.
  • Practical interpersonal and communication skills and the political savvy to keep the discourse focused on the subject matter rather than on personalities and politics.
  • Understanding and appreciation for management’s responsibility to establish and monitor internal controls.

Application Deadline: September 23rd, 2022

If interested, please provide a resume or letter of interest to either:

 

Mayor Heidi Franco                                       or                                 Wesley Bingham

Heber City Mayor                                                                               Heber Finance Manager

hfranco@heberut.gov                                                                         wbingham@heberut.gov

435-657-7982                                                                                      435-657-7956

Application Deadline: September 23rd, 2022

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