The President according to IAP Bylaws Chapter VI – Committees, paragraph 3, with approval of the International Council, has appointed the IAP Finance Committee (Paris September 16, 1980). Members include the Chair (2 year term, renewable), Ex-officio members: President, Treasurer, President Elect and Secretary and 3 additional members. The Finance Committee reviews the financial reports of the auditor and proposes a biennial budget for Council approval.