The purpose and scope of work of this council is to:

1. Develop a manual of office procedures that will assist all ALTA members in assuring orderly financial activities, if said manual is authorized by the Board of Governors.
2. Monitor the American Institute of Certified Public Accountants and to report on any recommended changes in internal auditing practices and procedures.
3. Monitor the title industry with respect to changes in business practices, and to develop internal auditing procedures for any new practices.
4. Work toward the efficient transfer of real property through improved member internal financial accounting.
5. Develop procedures and manuals that will enable orderly external audits, as directed by the Board of Governors.
6. Review the agency supervision and control guidelines annually.

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