Summary
Board authorizes and directs President to engage Moss Adams LLP to conduct the independent audit of fiscal year 2006-2007.
Text
Whereas, the ICANN Bylaws 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 charter recommends to the ICANN Board of Director the selection of ICANN's external auditors and the annual fees to be paid for services rendered by the external auditors, and reviews each proposed audit plan developed by management and the external auditors, performance of the external auditors, and recommend to the Board any proposed retention or discharge of the external auditors.
Whereas, the Audit Committee of the ICANN Board of Directors and management interviewed and short-listed Moss Adams LLP, the Audit committee requested that the President and Chief Operating Officer enter into negotiations with Moss Adams LLP to provide the outside audit for the fiscal year 2006-2007.
Whereas, the President and Chief Operating Officer have received an engagement letter and professional services agreement dated 9 March 2007 from Moss Adams LLP to provide the audit for the fiscal year 2006-2007.
Whereas, the Audit Committee of the ICANN Board of Directors has reviewed the engagement letter and professional services agreement and recommends to the Board that the President be authorized to enter into this engagement.
Resolved (07.33), the President and Chief Operating Officer are authorized and directed to enter into the engagement letter and professional services agreement of 9 March 2007 with Moss Adams LLP to provide the outside audit for fiscal year 2006-2007.
Explanatory text does not modify or override Resolutions. See Board Resolutions Page for more information.