Quote:
Originally posted by OohTeenyWahine
I don't think my chapter's ever been officially audited by the Fraternity, so I don't really know the signs. But I'd think if there were a lot of members not paying dues, outstanding bills that never got paid, or members not being reimbursed for purchases, then I'd throw up the red flag to our FA and VPF.
I am glad that we have a WONDERFUL FA in Clare and that advisors and chapter officers get together in the summer to do a documents audit. We make sure that everything that's in the bank matches up to our records. It's a long and tedious day, but it's well worth it.
|
As a former finance committee member, I can tell you that the audit you do in the summer is most definitely reviewed by the Province Finance Specialist and if anything looked at all shady, it would be investigated.
I don't know how often we send Leadership Consultants to our Hawaii chapter (expensive!), but they also do some reviews of the books. There are key things to watch for like...
Pre-signed checks in the checkbook
Not requiring two signatures on each check written
Checks written without accompanying receipts/purchase vouchers
Expenses that put a budget line over budget without EC approval noted
Among other things...
The monthly reports that the VP Finance does are really looked over carefully for oddities.
Dee
Dee
Threaded Mode