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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
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