Internal:Audit

• Annual Financial Report for Fiscal Year 2011–12 -- note statement of audit committee that year
• Annual Financial Report for Fiscal Year 2014–15

Audit committee's charter and responsibilities

• Wikimedia DC has a standing Audit Committee of 3 or more Directors who shall conduct an annual review of the financial records of the Corporation. (from the Bylaws)
• Also from Bylaws, ARTICLE X - FISCAL CONTROLS (edited to focus on audit issues):

• Disbursements over $25 shall be made only by check drawn on the Corporation's bank account or by electronic means, except where a resolution of the Board allows for cash disbursements in excess of $25 for specific purposes. Any disbursement over $5 shall be supported by voucher or receipt. All checks, drafts, notes and evidence of indebtedness of the Corporation shall be signed by either the Treasurer or the President. Disbursements in excess of $2,500 shall require the signature or written approval of both the President and the Treasurer.
• 2. Annual Budget. Prior to the commencement of each fiscal year, the Board shall prepare an estimated budget for the following fiscal year for the approval of a majority of those present and voting at a membership meeting.
• 4. Capital Expenditures. Capital expenditures in excess of $1,000 must be approved by a majority of those present and voting at a membership meeting. Approval of a line item in the annual budget shall constitute membership approval of a capital expenditure.

• Need to audit chapter's finances from 2014-2015.
• Could examine whether Fiscal Controls was followed.
• more centrally, see the Fiscal control policy
• At a top level, the committee's main task is to look at WMDC's financial records (which includes the detailed accounting records in QuickBooks, plus the summary financial statements in our annual financial report) and verify their accuracy.

Given the relatively small number of transactions last year, it's not particularly infeasible to do an exhaustive comparison of the underlying bank/debit/PayPal/etc. transactions against the QuickBooks records, but you can be more selective and do spot checks or some other form of verification, as you see fit. Walter and I have gone through a high-level reconciliation (e.g. checking that the balances on our bank account statements match the amounts in QuickBooks) for last year, so I'm not anticipating that you'll run into anything particularly surprising.

Once you've examined the records (and, if you found anything that needs to be corrected, worked with Walter and myself to make the necessary updates), the committee should produce some sort of statement to the effect of "we looked at the records and think that they're accurate". The statement can be something substantive and detailed (like the one written by Mat Bisanz) or something shorter and more high-level; that's basically up to you.

• Annual Financial Report for Fiscal Year 2010–11
• Annual Financial Report for Fiscal Year 2011–12 -- note statement of audit committee that year
• 2012-13 annual financial report
• 2013-14 annual financial report
• Annual financial report (2012–2013)
• Annual financial report (2013–2014)
• Annual Financial Report for Fiscal Year 2014–15
• the chapter's reports to WMF are on meta -- link to them
• Walter Segura knows this angle: Movement-wide Financial Report
• Audit Committee -- shows members
• Bylaws -- There shall be a standing Audit Committee of not less than three Directors who shall conduct an annual revi
• Record retention policy -- for the purposes of this Policy, the President, the Secretary, the Chair of the Audit Committee, or any legal counsel retained by Wikimedia DC shall be authorize : (g) External audit reports.
• Committees -- shows members of Audit committee
• Annual financial report (2011–2012) -- see Report from the Audit Committee
• Talk:Delegation of authority policy -- In most corporations, the Treasurer, General Counsel, Secretary, Audit Committee, etc. have a direct and independent reporting relationship to the
• Non-discrimination policy -- or, in cases where a report concerns the President, to the Chair of the Audit Committee. Wikimedia DC shall investigate
• Internal:Bylaws 2012/Draft -- There shall be a standing Audit Committee of no less than three members who shall conduct an annual review |old-8-2-h=Audit Committee
• look at QuickBooks and maybe bank and paypal statements
• User:Econterms/Glossary for Wiki-DC -- audit committee history: it was chaired as of 3/2013 by Kirill
• User:Econterms/Treasurer duties and updates

• Whistleblower policy - . . . the report shall be submitted to the Chair of the Audit Committee. . . for review of Wikimedia District of Columbia operations by the Audit Committee.