The Audit Committee is a key oversight body of the Board, responsible for ensuring the integrity of our Association’s financial reporting and internal controls. This committee works to safeguard assets and maintain the trust of our members by promoting transparency and accountability. The formalization of committees like the Audit Committee reflects the Association’s evolution from a small, volunteer-run group into a professionally managed global organization. This transition, particularly after 2001, introduced stronger systems and controls to protect the Association’s resources as it grew.
The mission of the Audit Committee is to be the steadfast guardian of the CMT Association’s financial integrity and accountability. We ensure that our financial reporting is accurate, transparent, and fully compliant with all regulatory requirements, thereby safeguarding the assets entrusted to us by our members. Our work involves a rigorous and independent oversight of external audits and internal controls, acting as a crucial check on the organization’s financial health. We value transparency, meticulousness, and independent judgment, which allows us to provide the Board and membership with a high level of assurance regarding the stability and professional management of our 501(c)(6) organization. By proactively identifying and mitigating financial risks, we preserve the trust and confidence of our global community, ensuring the Association’s resources are dedicated solely to advancing the discipline of technical analysis.
Oversee the independent external audit.
Ensure integrity of financial reporting.
Monitor internal controls and procedures.
Ensure compliance with legal and regulatory requirements.
Conduct risk assessment related to financial health.
Understanding Groups and Gigs
A Group is an ongoing, strategic body of volunteers who collaborate on a defined mission over an extended period. Groups have formal governance, defined membership, and regular meeting cadences. Joining a group means becoming part of a team committed to driving long-term impact within CMT.
A Gig is a short-term, tactical assignment with a clear deliverable and timeline. Gigs are ideal for volunteers who want to contribute their expertise to a specific task without a long-term commitment. They are time-boxed and goal-oriented.
| Group | |
|---|---|
| Ideal Candidate |
Key Competencies
Audit/accounting expertise; control mindset
Suggested Career Age & TA Depth
10+ years experience; 5+ years in audit/controls |
| What You'll Do |
Core Activities
Engage and recommend the independent auditor. Review external audit plan and final results. Oversee internal controls and fraud policies. Review and protect auditor independence. Report findings directly to the Board of Directors. |
| Time Commitment |
Recommended Time Commitment & Cadence
3–6 hrs/month average; 2–4 formal meetings/year; +8–12 hrs/month in audit months. (Grant Thornton)
Member Appointment & Term
BYLAWS §8.02(E): The members of the committee shall be appointed by the committee chair with the approval of the Board to serve for a term of one (1) year or such longer period as the Board may determine, provided that no individual shall serve as a member of a committee (including anytime as committee chair) for more than four (4) consecutive years.
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Available short-term assignments will be listed here.