1.45.050 Public members.
(a) Qualifications.
(1) A public member of the Audit Committee shall possess:
(i) Higher education and experience in the management of governmental entities that are comparable to the Commission in scope and complexity;
(ii) Demonstrated knowledge and experience in the application of:
1. Generally accepted government auditing standards;
2. Generally accepted accounting principles; or
3. Internal control systems; and
(iii) An understanding of or the ability to develop the understanding of the appropriate functions of an audit committee.
(2) A public member of the Audit Committee may possess demonstrated knowledge and experience in the application of:
(i) Sustainable financial management practices for public entities; or
(ii) Public accountability.
(3) A public member of the Audit Committee may not have any other business or close personal relationships with the Commission or its Commissioners, managers, or employees. (Res. 2023-2347)