Board Minutes September 2023: Difference between revisions
Board Minutes September 2023 (view source)
Revision as of 02:32, 12 September 2023
, 12 September 2023→Audit (10 mins)
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*Alexandra asks what the difference between an audit and review is. | *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 | *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 audit is more intensive, and involves reviews of internal controls. | ||
*Marcel notes that additionally, it provides confidence to the members. | *Marcel notes that, additionally, it provides confidence to the members. | ||