Guest Stephanie Posted May 16, 2012 at 01:09 PM Report Share Posted May 16, 2012 at 01:09 PM Our by-laws state "... may review upon reasonable request all account books"Some understand this to mean all financial documents and others believe it to be the General Ledger, Balance Statement, Profit / Loss Statement only, not receipts, invoices, receipt books, bank statements and so on.When ammending our by-laws at the next AGM it is suggested that the new by-law read "all financial documents".Many are in favor of this others believe that if you have people reviewing "everything" then they are in fact performing an audit which must not be done by anyone arms length. Link to comment Share on other sites More sharing options...
J. J. Posted May 16, 2012 at 01:10 PM Report Share Posted May 16, 2012 at 01:10 PM We don't do bylaw interpretation here. Link to comment Share on other sites More sharing options...
Guest Edgar Posted May 16, 2012 at 02:01 PM Report Share Posted May 16, 2012 at 02:01 PM Many are in favor of this others believe that if you have people reviewing "everything" then they are in fact performing an audit which must not be done by anyone arms length.And your question about RONR is . . . ? Link to comment Share on other sites More sharing options...
David A Foulkes Posted May 16, 2012 at 02:33 PM Report Share Posted May 16, 2012 at 02:33 PM Many are in favor of this others believe that if you have people reviewing "everything" then they are in fact performing an audit ....I'd say there's a difference between reading (i.e reviewing) the financial documents and auditing them..... performing an audit which must not be done by anyone arms length. Huh? Link to comment Share on other sites More sharing options...
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