The Port of Seattle Audit Committee Charter, adopted December 11, 2012, establishes a standing committee responsible for overseeing the Port's financial integrity, internal controls, and auditing processes. The committee reviews both internal and external audits, approves annual audit plans, and makes recommendations to the full Commission on auditor selection and financial reporting matters. It is composed of at least two Port Commission members and one qualified public member, all of whom must be independent of Port management and external audit firms.Open full document
Notes
This charter establishes the Port of Seattle Audit Committee as a standing committee of the Seattle Port Commission, defining its purpose, authority, and duties related to oversight of financial statements, internal controls, and auditing processes. It outlines the committee’s responsibilities for overseeing internal and external auditors, approving audit plans, and reviewing audit findings. The charter also specifies the composition requirements, including at least two Commission members and one qualified public member.