BART is seeking applicants to serve as public members on its Audit Committee, which assists the Board of Directors in providing oversight for financial management, operational effectiveness, ethics and regulatory compliance.
The Audit Committee is comprised of five voting members, including three Board Directors and two public members with governmental financial expertise. It meets at least four times per year, with authority to convene additional meetings as needed.
Criteria for the position include:
- Expertise: Have expertise in governmental accounting, financial management, or Performance auditing, or conducting investigations of fraud, waste, or abuse;
- Technical Knowledge: Have technical knowledge of accounting, financial or performance auditing, financial reporting, and internal controls, including an understanding of and ability to apply the Government Auditing Standards, accounting standards issued by the Government Accounting Standards Board, and a recognized internal control framework;
- Professional Certification: Possess a relevant professional certification, such as Certified Public Accountant, Certified Internal Auditor, Certified Fraud Examiner, Certified Inspector General, Certified Internal Controls Auditor, Certified Information Systems Auditor, or a similar certification. Relevant experience may substitute for such certification in the Board’s discretion;
- No conflicts/recent affiliations: Within the past 10 years and other than in their role as a committee member, have no affiliation with the District or with a firm that has done business with the District.
Public members serving on the Audit Committee must be appointed by a majority of the full Board of Directors through this application process. Public members must possess the independence, experience, and collective technical expertise necessary to carry out the duties of the Audit Committee. Public members must be residents within the District’s boundaries and are subject to conflict-of-interest laws.
The application process has two phases. In Phase 1, all applications will be reviewed to meet all requirements and qualifications, letters of recommendations and any supplemental documents. In Phase 2, selected candidates will be invited to appear before the Board of Directors to briefly explain their interest in serving on the committee, followed by a Board vote.
Please contact the Office of the District Secretary with any questions via email at firstname.lastname@example.org.