Audit Committee

The Audit Committee of the Bibliographical Society of America oversees the corporate governance, financial reporting, and operational processes of the Society and how results are reported to the membership and the public, including authorized bodies such as the IRS.  In carrying out this duty, the committee also monitors policy for practices and procedures, both financial and operational, for the Society as a whole.

Among the specific tasks the committee will undertake are:

• Monitoring the choice and implementation of accounting policies (GAAP)
• Ensuring that regulatory developments related to the accounting and operation of not-for-profit organizations are implemented
• Assisting with the preparation of IRS Form 990 and communicating it to Council
• Overseeing the implementation of internal controls of financial and other records of the Society
• Assisting with the annual audit or review
• Maintaining a record of the organization’s policies on employment, ethics, records retention and other issues, and recommending updates as appropriate
• Regular reporting to Council of all these activities

Membership of the committee shall include at least two members of Council in addition to the Chair.  At least one of these three should have formal credentials or experience in accounting and oversight.   Other members may be appointed on the recommendation of the Chair and of the President of the BSA.  The Executive Director and the Treasurer shall be invited to attend meetings in a non-voting capacity.

Current Members

Joan Friedman, Urbana, IL (Chair)
Tad Boehmer, Michigan State University
G. Scott Clemons (ex officio)
Mary Crawford, Stanford University (ex officio)
Thomas Goldwasser, Thomas A Goldwasser Rare Books
Mark Samuels Lasner, University of Delaware
Kenneth Soehner, Thomas J. Watson Library, The Metropolitan Museum of Art