This discussion is now open
This discussion is now open
We don't need an auditor by law, and our finances are simple enough now that last year's waste of money on an auditor (did we get that report?) should last us for 10 years or so.
Christopher Mallon
FIDE Arbiter
Don't waste money on this.
Paul Leblanc
Treasurer, Chess Foundation of Canada
CFC Voting Member
The legal requirement is one thing. Having externally reviewed financial statements provides a level of cred that we should not dismiss lightly. If not an annual audit I believe we should plan on a regular interval, like every 2-3 years.
The legal requirement is one thing. Having externally reviewed financial statements provides a level of cred that we should not dismiss lightly. If not an annual audit I believe we should plan on a regular interval, like every 2-3 years.
The cost is an enormous portion of our variable spending. In fact we really don't HAVE any more variable spending anymore now that the newsletter is locked in for two years.
Christopher Mallon
FIDE Arbiter
Why not have a volunteer with some background in finance (Bob Gillanders springs to mind) do a review from time to time?
Yes an audit can provide some good ideas but the cost will bring tears to our eyes.
Paul Leblanc
Treasurer, Chess Foundation of Canada
CFC Voting Member