APTA National - Audit Committee 2023

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APTA National - Audit Committee 2023

Signup Deadline: 08-15-2022
Starts: 01-01-2023
Ends: 12-31-2025

Description:

APTA is seeking one member to serve a two-year term and one member to serve a three-year term on the Audit Committee. 

Charge

The Bylaws of the American Physical Therapy Association (Article VII, Section I., B) provide that:

The committee shall be the point of contact and meet at least annually with the Treasurer and the Association’s independent auditors to discuss the annual audit. The committee shall advise the Board of Directors of any irregularities or material findings that arise from the independent audit or other sources.

 

In addition to the directives as indicated in the APTA bylaws, the Board of Directors’ determined charge for the Audit Committee is to:

  • Participate in the financial information session for Component Leaders at APTA’s Combined Sections Meeting.
  • Serve as the association’s audit committee and meet with the auditors annually to determine the scope of work and review the audit results.
  • Provide oversight of the association’s regulatory compliance, risk management, and whistleblower complaints.
  • Coordinate and collaborate with other APTA appointed groups and stakeholders, when doing so can further the work of the committee.
  • Submit a report to the Board of Directors on an annual basis.

 

All APTA appointed groups will conduct their work with the American Physical Therapy Association’s Commitment to Diversity, Equity, and Inclusion in mind and in the context of (1) APTA's Mission, Vision, Strategic Plan and House of Delegates and Board of Directors adopted positions and policies; and (2) the potential for their work to have implications related to physical therapist assistants, women, diversity, and risk management.

 

Qualifications for Appointees 

Candidates should have:

  • Experience with nonprofit finance (e.g., component treasurer or other component leadership role).
  • Proven financial leadership in professional capacities.
  • Ability to see the big picture but also understand the subtleties of nonprofit finance.

 

Meetings

This committee meets in person annually and on an as-needed basis throughout the year via conference call.

 

Size of Appointed Group

The APTA bylaws, Article VII., Section 1., B., provides that “The Audit Committee shall consist of at least three members, all of whom shall be Physical Therapist or Physical Therapist Assistant members.”

 

The committee will comprise one Board chair (Board member serving as a consultant to the Finance Committee who is not the APTA Treasurer) and three members appointed by the APTA Board of Directors. 

 

Terms of Appointees

Committee members will serve three-year terms; no individual shall serve more than two consecutive terms. One member will be selected annually.

Qualifications:

Finance
Review

Volunteers Needed:

2 (2 open slots)

Experience Required:

4 to 6 years volunteer experience

Contact:

Dena Kilgore
APTA