The audit committee is authorized to consider matters related to:

(a) the financial statements of the organization and other official financial information provided to the public;

 (b) the systems of internal controls, including overseeing compliance by management with applicable policies and procedures and risk management (e.g., for organizations that are part of a national network, annually reviewing whether the organization meets the re- chartering requirements of its national organization); and

(c) the annual independent audit process, including the recommended engagement of and receiving of all reports from the independent certified public accountants. The audit committee shall have such other authority and perform such other duties as may be delegated to it by the board.