Is a motion required after reading the financial report?

[Guest Activities Directo]

I was told that after the CFO reads the financial report, a motion must be made to accept it as written. Is this required by Law?

[Edgar Guest]

Unless the financial report has been audited, it should simply be received and filed with no motion (to "adopt" or "approve" or "accept"). If there's an audit then it's the auditor's report that should be accepted (or not).

 

What "the law" might require is beyond the scope of this forum.

 

Edited to add: RONR refers to a "treasurer's report" so I'm equating "the treasurer" with "the chief financial officer" (CFO).