24-08-2014, 09:48 AM
The constitution says in respect of the AGM:
13.3.1 To receive the Annual Report of Chess Scotland, incorporating a Statement of Account for the previous financial year to April 30 certified by the Auditor.
It appears clear that an audit, rather than an examination is required.
However to get a firm of auditors to give a full audit opinion in the current litigious environment would be cost prohibitive and therefore if we are using a firm of accountants then a watered down opinion should be satisfactory, given the size of organisation that CS is. It should, depending on the wording, meet the requirements of an "audit" for most members, audit not being defined.
It will be interesting to see what opinion is given on the 13/14 accounts as presumably it will have to change as I assume that David would be compiling the accounts this year.
I believe that the auditors can say that they compiled them in 12/13 as they wanted a change in format. However the change is much less useful to the people who use the accounts, ie the members.
13.3.1 To receive the Annual Report of Chess Scotland, incorporating a Statement of Account for the previous financial year to April 30 certified by the Auditor.
It appears clear that an audit, rather than an examination is required.
However to get a firm of auditors to give a full audit opinion in the current litigious environment would be cost prohibitive and therefore if we are using a firm of accountants then a watered down opinion should be satisfactory, given the size of organisation that CS is. It should, depending on the wording, meet the requirements of an "audit" for most members, audit not being defined.
It will be interesting to see what opinion is given on the 13/14 accounts as presumably it will have to change as I assume that David would be compiling the accounts this year.
I believe that the auditors can say that they compiled them in 12/13 as they wanted a change in format. However the change is much less useful to the people who use the accounts, ie the members.