Two members of the Audit Committee met in Signal Hill at the WSO office on February 3rd for an audit entry conference with the two auditors from the Los Angeles independent auditing performing the WSO audit. Also present at the entry conference were the WSO Treasurer and our consultant bookkeeper.
The meeting purpose was to go over the list of documentation the auditors would be requiring during the audit and to establish responsibilties for delivering the information to them.
Also discussed was the background of the organization, operations, and its purpose in order to acquaint the auditors with ACA. The meeting was approximately 3 hours in length.
The next meeting of the Audit Committee will be a teleconference held on February 28th to discuss the plan for the actual audit process.