The audit should consist of a handful of transactions from each quarter of the Fiscal Year being audited. Select two to three transactions in each quarter, and review them from beginning to end to verify an appropriate paper trail, authorization of expenditures or receipts, two check signers on every chapter payment, etc. Quarters are July-September, October-December, January-March, and April-June.
Following are specific items to be looking for during the audit. Please check each box verifying each item has been reviewed by the audit committee, and the audit committee feels each item has been properly handled/processed throughout the year. If a box is left blank, it will come through as a “no” response and the Chapter Financial Coordinator may contact you.
Questions should be directed to Chapters@aacn.org.