You are using an outdated browser. Please upgrade your browser to improve your experience.

You are using an outdated browser.

To ensure optimal security, this website will soon be unavailable on this browser. Please upgrade your browser to allow continued use of ACP websites.

You are here

Financial Policy & Audit Committee

Charge

Develop and recommend to the Board of Regents fiscal policies and practices for the proper conduct of the operations of the College.

Recommend annual operating and capital budgets from subsequent approval by the BOR (the committee does not "prepare" the budgets)

Recommend the engagement of an independent accounting firm, investment managers and investment evaluation consultants.

Subject to general investment policies adopted by the Board of Regents, have general supervision over the Reserve and Pension Funds and other funds of the College, including developing investment guidelines.

Routinely evaluate the actual financial results being achieved by the individual programs of the College.

Select independent external auditor of the College's financial reports and policies, and reviews and approves the annual audit report for subsequent approval by the Board of Regents.

Advise the Board of Regents on the establishment of specific guidelines, fiscal and others, to be developed and used by the Committees and the Board of Regents in the evaluation of proposed or existing programs, product and services.

Develop and recommend to the Board of Regents travel and living expense reimbursement levels.

Note: The Financial Policy & Audit Committee also serves as the College's Pension Committee.

Composition (7)

Chair, who is the Treasurer; Vice-Chair, who is the Chair-elect, BOG; President, President-elect; Chair, BOR; Chair-elect, BOR; Chair, BOG.

Note: The Treasurer-elect, (in applicable years), is invited to attend FPAC meetings.

Terms

Length of time to coincide with position held.

2018-19 Members

Robert H. Lohr, MD, MACP, Chair, (Treasurer)
Assistant Professor of Medicine Emeritus
College of Medicine-Mayo Clinic
Consultant, Hospital Internal Medicine
Rochester, MN
Specialty:  IM

Omar T. Atiq, MD, FACP, Vice Chair (Regent)
(Chair-elect, Board of Governors)
Professor of Medicine
Associate Director, Winthrop P. Rockefeller Cancer Institute
University of Arkansas for Medical Sciences
Director, Arkansas Cancer Institute
Little Rock, AR
Specialty: ONC

George Abraham, MD, MPH, FACP, FIDSA (Regent)
(Chair, Board of Governors)
Professor of Medicine
University of Massachusetts Medical School
Associate Chief of Medicine
Saint Vincent Hospital
Worcester, MA
Specialty: ID

Douglas M. DeLong, MD, FACP (Regent)
(Chair-elect, Board of Regents)
Chief, Division of General Internal Medicine
Bassett Health Care
Assistant Clinical Professor of Medicine
College of Physicians and Surgeons
Cooperstown NY
Specialties: IM/ GER

Andrew Dunn, MD, MPH, SFHM, MACP (Regent)
(Chair, Board of Regents)
Professor of Medicine
Chief, Division of Hospital Medicine
Mount Sinai Health System
New York, NY
Specialty: IM

Ana María López, MD, MPH, MACP (Regent)
(President)
Chief of Cancer Services
Vice Chair of Medical Oncology
Thomas Jefferson University
Sidney Kimmel Cancer Center
Philadelphia, PA
Specialty: ON (Breast Ca)

Robert M. McLean, MD, FACP (Regent)
(President-Elect)
Full-Time Private Practice
Northeast Medical Group of Yale-New Haven Health System
Associate Clinical Professor
Yale School of Medicine
New Haven, CT
Specialties: IM, RHU

Staff Liaison: Michael Weis  mweis@acponline.org