Overview

In accordance with Sec. 2-401 of the Revised Ordinance of the Town of North Kingstown, states the purpose of this committee shall be to oversee the work of the Independent Auditors and assist the Town Council and School Committee in their oversight of (i) the integrity of the Town’s financial statements and the Town’s system of internal controls and compliance with the Town’s Code of Ethics and Whistleblower Policy, (ii) the Town’s compliance with legal and regulatory requirements, and (iii) the Independent Auditor’s qualifications and independence. Members of this committee shall be versed in reading and understanding financial statements and/or general business knowledge. No member appointed to the Audit Committee shall sit on any other body or committee of the town or school unless the Town Council affirmatively determines that such services will not impair such member’s effectiveness.