If the employee is unable to provide the required proof of authorization to work and identity document, the employer must terminate the employee. Employers can verify an employeeâs social security number by calling the SSA at 1.800.772.6270.
Definition of audit committee. An audit committee is a selected number of members of a companyâs board of directors whose responsibilities include helping auditors remain independent of management. Most audit committees are made up of three to five or sometimes as many as seven directors who are not a part of company management.
Members of the finance committee may serve on the audit committee, but must constitute less than half of the audit committee and the chair of the audit committee may not be a member of the finance committee. A separate investment committee may make particular sense for an organization that has considerable reserves or manages an endowment.