About USAC

Audit Committee

The USAC Audit Committee consists of five members: a representative from each of the three programmatic committees and two at-large Board members, the latter two preferably with financial, auditing, and/or accounting experience.

The members of the Audit Committee are:

Name

Representing

David P. McClure, Chair

At-Large Member

Anne Campbell

Schools and Libraries Committee

Michael Anderson

Rural Health Care Committee

Dr. Brian L. Talbott

At-Large Member

Rex Knowles, Vice Chair

High Cost / Low Income Committee

 

The USAC Board of Directors charged the Audit Committee to oversee the audit functions of USAC, including but not limited to:

  • Review of audit processes and procedures including the scope and contents of all internal and external audits;
  • Receipt and review of all audit reports relating to USAC or any participant in the universal service support programs;
  • Review of the manner in which audits are performed to ensure that management has interposed no limitations on audits;
  • Review of the management response letters provided to external auditors or other organizations on any weaknesses in internal accounting, organization, or operating controls, and approval of appropriate action;
  • Review of the annual financial statements and the external audit reports attached to those statements;
  • Review of and/or initiation of any other act necessary to ensure compliance with applicable law and the safeguarding of USAC assets, or prompt remedial action relating to identified shortcomings;
  • Review, evaluation, and consideration of the adequacy of the systems of internal controls;
  • Annual evaluation of the internal and external audits and consideration of the annual audit plans and reports;
  • Participation in the selection of external and internal auditors;
  • Approval and periodic review of the Internal Audit Division Charter;
  • Meetings with the Director of Internal Audit Division and the external auditors;
  • Review and acceptance of annual internal audit plan; and
  • Performance of periodic review of the Audit Committee Charter and self-assessment of Audit Committee performance.

Last modified on 2/2/2009