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Old 06-18-2011, 04:21 PM   #15
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Ed Emerick's Avatar
1968 30' Sovereign
1959 18' "Footer"
1954 22' Flying Cloud
Brussels , Wisconsin
Join Date: Jul 2006
Posts: 611

Originally Posted by Aage View Post

Reminds me of one of the joke definitions of a consultant: it's a person from out of town with a briefcase that knows the President.
I don't carry a briefcase, but I do know what the President wants. That's my job as a Consultant. Its the people who work for the President that have to sweat out what I will find...............

I'm NOT an old man.............
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Old 06-18-2011, 05:16 PM   #16
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Question Why now?

Why do you suppose the leadership would want to pay for an audit?

The only reason I can think of is to lend credibility to another dues increase.

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Old 06-19-2011, 07:34 PM   #17
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Walkerton , Virginia
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Audits don't find frauds; at least they rarely do. Audits are tests of the representations of management, and test of internal controls. S-O not withstanding (what a waste of resources, by the way). Now - if an audit is in response to a request for an investigation then they can be quite effective.

As long as expenditures are approved appropriately, and are reported accurately, there will be no issues in the audit.

Most of the complaints I have seen on this Forum have been with how money is spent - not whether management has approved of it or not. Two completely different issues.

I suspect it is highly unlikely that funds have been spent without proper approval. Whether the funds are spent the way the general membership would choose is another matter. But then, it may be that the general membership just doesn't care. At the end of the day (sorry for the cliche') it is management that is responsible. And if they are elected again and again, then that is the ball game.


Somebody, please, point me to the road.

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