1.45.010 Definitions.
(a) In this chapter, the following words have the meanings indicated.
(b) “Audit Committee” or “Committee” means a committee established by the Commission to monitor WSSC’s auditing accounting and financial reporting processes, system of internal controls, and compliance with legal and regulatory requirements.
(c) “Commission” or “WSSC” means the Washington Suburban Sanitary Commission.
(d) “Internal control” means a process within an organization designed to provide reasonable assurance regarding the achievement of the following primary objectives:
(1) Reliability and integrity of information;
(2) Compliance with policies, plans, procedures, laws, and regulations;
(3) Safeguarding of assets;
(4) Economical and efficient use of resources; and
(5) Accomplishment of established objectives and goals for operations or programs.
(e) “Internal investigation” means a systematic fact-finding inquiry including those performed by the Office of the Inspector General personnel in response to allegations of fraud, waste, and abuse. (Res. 2023-2347)