Audit Committee

Daniel J. Murphy III, ’63, l’66, Chair

Paul J. Brennan ’67 Larry Cheng ’96 Charles Frick Cornish, Legacy, CPA

Michael F. Cronin ’75, gb’77 Richard Hart Harrington ’58, CPA Thomas Kent ’75, CPA Daniel J. Murphy III, ’63, l’66,

After the close of the Club’s 2021 fiscal year, the Audit Committee reviewed the financial reporting process, internal controls and the 2021 financial reports of the Harvard Club of Boston (“the Club”), the Harvard Club of Boston Retirement Plan for Employees (“the Retirement Plan”), the Harvard Club of Boston Foundation (“the Club Foundation”) and the Higginson 1908 Foundation (‘the Higginson Foundation”).The financial reports of the Club, the Retirement Plan, the Club Foundation and the Higginson Foundation were prepared by each entity’s management, and PKF, the independent public accounting firm serving as each such entity’s external certified public accountants, audited the financial reports of the Club and the Retirement Plan and compiled the financial reports of the Club Foundation and the Higginson Foundation. All of the 2021 audits and compilations were completed in an efficient and timely manner, and no material weaknesses in the internal controls over the financial reporting processes have been identified by PKF. The Audit Committee has continued to review and evaluate the various mitigation and funding strategies of the Club during the ongoing COVID pandemic. The Audit Committee also appointed PKF to serve as the external certified public accountants of the Club, the Retirement Plan, the Club Foundation and the Higginson Foundation for fiscal year 2022.

Daniel J. Murphy III, ’63, l’66 Chair