All chapters are expected to have an independent review of the chapter’s Annual Financial Reports (financial statements) at the end of the chapter year. The independent review requires prudent testing of a sample of underlying transactions and testing the accuracy of the Annual Financial Report.
In addition to conducting an independent review, there are several other financial activities that chapters should partake in throughout the year. Activities include preparing financial statements, preparing a budget, filing tax returns, etc. For a full list of financial activities, click on the button below!