Audit and investments committee

Purpose:

• Oversee the Institute’s internal accounting controls to assure that assets are safeguarded and transactions are authorized and properly recorded
• Review the results of the annual internal audit, and meet with the auditors to discuss audit results and to prepare for Executive Committee,approval, actions deemed necessary as a result of audit findings
• Oversee the Institute's managed investments including policies, asset allocation, and meet with investment advisor on investment activity as deemed necessary

Composition:

• Chair, IREM Secretary/Treasurer
• A representative from the IREM Foundation
• An IREM Past President
• Incoming IREM Secretary/Treasurer
• A Member with a strong financial background who is employed by a large real estate management firm
• Up to two additional members, neither of whom is on the Executive Committee
• All serve one-year term

Desired qualifications:

• Broad business and financial experience
• Knowledge of the Institute’s operations