Internal Auditing Council
The purpose and scope of work of this council is to:
- 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.
- Monitor the American Institute of Certified Public Accountants and to report on any recommended changes in internal auditing practices and procedures.
- Monitor the title industry with respect to changes in business practices, and to develop internal auditing procedures for any new practices.
- Work toward the efficient transfer of real property through improved member internal financial accounting.
- Develop procedures and manuals that will enable orderly external audits, as directed by the Board of Governors.
- Review the agency supervision and control guidelines annually.