Audit Committee Report for June 2017

The WSO Board of Trustees is scheduled to receive the final financial audit report at its next working session on July 13th. The auditors, the audit committee, and the board have completed their review of the 3rd drafts of the audited financial statements and management letter and will formally present the audit to the board. 

This will conclude the audit process when the audit report is subsequently released to the membership in the coming weeks.

As the new treasurer, I cannot continue in my role as Chair of the Audit Committee, as it would not be appropriate for the Audit Committee Chair and Treasurer/Finance Committee Chair to be the same individual.

Thereforewe are still looking for someone with extensive background in accounting or non-profit governance to take over this responsibility after the audit is delivered.

In service,

Bill D., Outgoing Audit Committee Chair