Adopted Resolutions – Regular Meeting of the PTI Board | 10 March 2019
- Minutes of Prior Meetings
- PTI Appointment of the Independent Auditors
Minutes of Prior Meetings
Resolved (PTI2019.03.10.01) the minutes of the 21 September 2018 and 20 December 2018 meeting are approved.
PTI Appointment of the Independent Auditors
Whereas, ARTICLE 9 Section 9.1 of the PTI Bylaws (http://www.PTI.org/general/bylaws.htm) requires that after the end of the fiscal year, the books of PTI must be audited by certified public accountants, which shall be appointed by the Board.
Whereas, the Board Audit Committee has discussed the engagement of the independent auditor for the fiscal year ending 30 June 2019 and has recommended that the Board authorize the PTI President, or his designee(s), to take all steps necessary to engage BDO LLP.
Resolved (PTI2019.03.10.02), the Board authorizes the PTI President, or his designee(s), to take all steps necessary to engage BDO LLP and BDO member firms as the auditors for the financial statements for the fiscal year ending 30 June 2019.
RATIONALE FOR RESOLUTION PTI2019.03.10.02:
The audit firm BDO LLP and BDO member firms were engaged for the ICANN annual independent audits of the fiscal year end 30 June 2014 through fiscal year end 30 June 2018. Based on the report from staff and the Audit Committee's evaluation of the rationale, the committee has unanimously recommended that the Board authorize the PTI President, or his designee(s), to take all steps necessary to engage BDO LLP as PTI's annual independent auditor for the fiscal year ended 30 June 2019 for any annual independent audit requirements in any jurisdiction.
The engagement of an independent auditor is in fulfilment of PTI's obligations to undertake an audit of PTI's financial statements. This furthers PTI's accountability to its Bylaws and processes, and the results of the independent auditor's work will be publicly available. There is a fiscal impact to the engagement that has already been budgeted. There is no impact on the security or the stability of the DNS as a result of this appointment.
This is an Organizational Administrative Function not requiring public comment.