Audit Committee

Purpose

The Audit Committee provides oversight of AACSB’s financial reporting process and the selection of the independent audit firm. The Committee oversees the annual audit of the financial records, receives the results of the independent audit, 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 six members, including the Secretary-Treasurer and the Chair of the Finance and Investment Committee as ex officio members. The remaining four positions are members of the AACSB Board of Directors appointed by the Vice Chair-Chair Elect (who shall preside as Board Chair during the year for which the appointments are made). The composition of the Committee should reflect AACSB’s commitment to diversity and inclusion. Committee members may serve a maximum of three, one-year terms, which may run consecutively. 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). In addition, one member is designated as Committee Vice Chair who serves as Chair in the absence of the Committee Chair.

Chair

Terry S. Maness, Baylor University

Vice Chair

Jerry Tomberlin, Carleton University

Members

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

Ex Officios

John A. Elliott, University of Connecticut
Stephanie Mattox Bryant, Missouri State University

Staff Liaison

Andrew Huggins, Senior Director Accounting, AACSB International