2.2 EXTERNAL AUDIT The Executive Director in consultation with the Treasurer and Finance Subcommittee of the IGA Executive Committee shall engage an independent external auditor for an annual audit of all IGA organizational and accounting procedures. A Request for Proposal (RFP) will be initiated by the Executive Director and Treasurer at least once every three (3) years. An engagement letter signed with an audit firm shall not be for a period longer than three (3) years. The auditor shall examine the statements in accordance with GAAP. The audit report relating to the independent auditor's review or examination shall be submitted to the Treasurer and to the IGA Executive Committee within a reasonable time following the end of the fiscal year.
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Deleted: Generally Accepted Auditing Standards Deleted: N
Deleted: NIGA
IGA Accounting Policies and Procedures (guidelines)
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