Committee Members

Duties:

The Trustee's Audit Committee shall be a permanent independent committee of the Grand Lodge Trustees (i) to coordinate the activities of the outside auditor employed by them; (ii) to provide guidance as to the operations of Grand Lodge; and (iii) to provide access to documentation required for a proper audit of the books and records of the Grand Lodge.

Additional duties of the Audit Committee shall include, but not limited to, meetings with the Finance Committee and the Trustees in connection with the preparation of the annual budget (i) to assist in the coordination of available funding for proposed budgetary items; (ii) to offer, review and approve recommendations concerning the scope of the annual audit and review the completed audit report with the Grand Lodge Trustees, the Finance Committee and the auditor or audit firm engaged by the Trustees; (iii) to review with them any areas of concern as to internal control or procedures; and (iv) to ensure conformity of the audit to generally accepted accounting principles and practices based upon the application of generally accepted auditing principles as promulgated by the American Institute of Certified Public Accountants and as generally accepted in the United States of America, more particularly those accounting rules and regulations incorporated in the laws of the State of Texas and of the United States as applicable to nonprofit organizations.