Composition: The Audit Task Force is comprised of: Immediate Past President President-Elect Treasurer (serves as Chair) Secretary Past State President Local Board President Local Association Executive State President (ex-officio) State Chief Executive Officer (ex-officio)
(According to AAR Policy & Procedures, Section 7.5.D)
The Audit Task Force of the Association is responsible annually for overseeing the Annual Audit, assisted by the Chief Executive Officer and appropriate staff. It shall be the responsibility of the Audit Task Force to see that the audit is completed in a timely fashion, with the Annual Report being available prior to the State Summer Conference for proper review by the Audit Task Force to make recommendations for approval/changes to the Executive Committee, and then to allow for the proper review of the Executive Committee in time for their presentation to the Board of Directors’ Meeting at the State Summer Conference. The Annual Report shall be addressed to the Board of Directors and presented at the State Summer Conference, and be available for inspection by any member during regular office hours at the AAR offices.
(According to AAR Policy & Procedures, Section 4.4.1)
The first meeting of each Audit Task Force shall be held no later than December 1st of each year for purposes of initiating the audit process with the AAR staff, to engage the CPA for the audit, and to establish communication lines for timely updates and notification of completion of the audit. The Treasurer of the Association shall be the Chair of the Audit Task Force.
The Alabama Association of REALTOR®; (AAR) is the largest statewide organization of real estate professionals. United by adherence to a Code of Ethics, our members work as real estate professionals in the sale, lease, appraisal and development of residential, rural, and resort properties throughout Alabama.