Audit Committee

Purpose

The Audit Committee monitors AACSB's financial condition and approves the selection of an outside, independent auditor. The committee oversees the annual audit of the financial records of AACSB and recommends to the Board and staff such changes in records, internal controls and procedures, as it deems necessary.

Structure

The Audit Committee is composed of five members, including the Secretary-Treasurer of AACSB as an ex officio member. The remaining four positions are members of the Board appointed by the Vice Chair-Chair Elect (who shall preside as Board Chair during the year for which the appointments are made). Committee members may serve for a maximum of three, one-year terms, which may run consecutively. Members include one from an Accreditation Council member institution, one from an educational institution that is not a member of the Accreditation Council, one non-educational member, and one at-large member. One Committee member is designated as Committee Chair by the Vice Chair-Chair Elect (who shall preside as Board Chair during the year for which the appointments are made).

Chair

Terry Maness, Baylor University

Vice Chair

Jerry Tomberlin, Carleton University

Members

Nancy Bagranoff, University of Richmond
Frank Bostyn, NEOMA Business School 

Staff Liaison

Andrew Huggins (andrew.huggins@aacsb.edu)

Ex Officio

John Elliott, University of Connecticut
Stephanie Bryant, Missouri State University