Audit Committee Charter

Audit Committee Charter
for the Board of Trustees of
The Aircraft Owners and Pilots Association
(Includes All Related Entities)

Members of the Audit Committee:

  • Darrell W. Crate, Chairman 
  • H. Neel Hipp
  • Lawrence D. Buhl, III
  • R. Anderson Pew
  • William C. Trimble, III
  • John S. Yodice, Secretary

I.  PURPOSE

The Audit Committee (“Audit Committee”) of the Aircraft Owners and Pilots Association (“AOPA” includes all related entities) is appointed by the Board to lead the detailed oversight activities of the Audit Committee required by the Board in meeting its fiduciary responsibilities.  Responsibilities include overseeing: (1) the integrity of the financial management processes, financial statements, internal & external reporting, and the establishment and use of appropriate accounting policies, procedures and internal controls; (2) full and appropriate compliance by AOPA entities with legal and regulatory requirements; (3) the identification, assessment, and management of risks and on-going controls plus appropriate risk management information and communication across AOPA;  and (4) the independence and performance of the independent accountants of AOPA; (5) appoint and replace the independent accountant.