Audit Committee
Our Purpose
Our committee provides oversight of the ACA 3rd party annual financial audit in compliance with the Laws of the State of California and the ACA OPPM guidelines.
We have openings on our 2024 audit committee for new members. Please contact us through the audit chair gmail account at [email protected]
When do we meet?
Audit Committee meets on the second Tuesday of every month at 6pm ET/3pm PT.
Meeting ID: 96998635413
Passcode: 412057
How to contact us?
How to contact us:
[email protected]
Our Members
Chair: Ken R.
Members:Tom A. & Rob W
Audit TC Committee Reports
You can find our monthly reports for the TC and materials provided by the the Audit Committee here.
2023 Audit Findings
Auditor Recommendations Status Update
Significant weakness focused on the allocation of functional expenses.
Best practices observed by the auditor. No credit losses.
Identified opportunities for improvement:
- need two counters for inventory
- donor software needs to tie out to donor letter
- credit card transaction approval
- bank reconciliation approval
- journal entry approval
- no fixed asset tagging system
- no document control/destruction policy
- expand conflict of interest statement
- expand board approval of annual compensation
- annually review segregation of duties
- regular IT reports on control, security, firewall, backup, passwords, and penetration
- quickbook error results in a slight inventory ($1,900.00) variations
