Board Minutes September 2023: Difference between revisions
Board Minutes September 2023 (view source)
Revision as of 01:38, 12 September 2023
, 12 September 2023→Audit (10 mins)
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* Auditor has shared results and made recommendations | * Auditor has shared results and made recommendations | ||
* Finance committee is going to request the Auditor to attend the next meeting to clarify some points (with John and Robin in attendance). Some points are unclear. | * Finance committee is going to request the Auditor to attend the next meeting to clarify some points (with John and Robin in attendance). Some points are unclear. | ||
Comments and questions: | |||
-Kelly suggests initiating a review of past year's finances to present report at AGM. | |||
-Marcel asks if we would use the same auditor or if it's an internal review. | |||
-Alexandra asks what the difference between an audit and review is. | |||
-John explains that a review is a form of assurance that double-checks the work of the book-keeper, and may dig into accounts and the balance sheet. An aduit is more intensive, and involves reviews of internal controls. | |||
-Marcel notes that additionally, it provides confidence to the members. | |||
-Marcel moves, Matt seconds: | |||
"To prepare review financial statements of past year by same account who just prepared the audit, for presentation at upcoming AGM, at a maximum of $6000.00" | |||
=== In Person Strategy Meeting (10 min) (move to next meeting?)=== | === In Person Strategy Meeting (10 min) (move to next meeting?)=== | ||