An Auditing Committee composed of three members (not belonging to the Council) is appointed by the Council. The Auditing Committee elects each year its own Chair. Members of the Auditing Committee will be eligible to stand for immediate renomination upon completion of their term. Re-election is only possible twice. The Auditing Committee drafts a written report to the Secretariat and the Council on the financial accounts presented by the Treasurer. This report will be presented every year at the membership meeting.