- Category: Administration and Budget
- Topic: Audit Committee's approval of auditors for financial audit
- Board meeting date: 29 June 2004
- Resolution number: 04.50
- URL for Board minutes/resolution: http://www.icann.org/en/minutes/resolutions-29jun04.htm
- Status: Complete
Summary
Appoints KPMG, LLP, to conduct the annual financial audit.
Text
Whereas the ICANN by-laws in Article XVI, Section 3, requires that at the end of the fiscal year, the books of ICANN shall be closed and audited by certified public accountants. The by-laws also state that the appointment of the fiscal auditors shall be the responsibility of the Board.
Whereas the Audit Committee of the ICANN Board of Directors directed the President to enter into negotiations with KPMG to provide the outside audit for the fiscal year 2003-2004.
Whereas the President has received an engagement letter dated 4 March 2004 from KPMG to provide the audit for the fiscal year 2003-2004.
Whereas the Audit Committee of the ICANN Board of Directors has reviewed the engagement letter and recommends to the Board that the President be authorized to enter into this engagement.
Resolved [04.50], that the President is authorized and directed to enter into the engagement letter of 8 March 2004 with KPMG provide the outside audit for fiscal year 2003-2004.
Implementation Actions
- Enter an engagement letter with KPMG
- Responsible entity: ICANN Staff
- Due date: None provided
- Completion date: 2004
Other Related Resolutions
- TBD
Additional Information
- ICANN's Audited Financial Statements and historical financial documents are available at http://www.icann.org/en/financials/historical.htm.
- The resolution does not address funding for the items identified therein.
Explanatory text does not modify or override Resolutions. See Board Resolutions Page for more information.
