Re: SCAA Financial Crisis

On Sun, 25 Sep 2005 11:17:13 -0600, bernie <bdigman@xxxxxxxxxx> wrote:

>DaveB wrote:
>> Bernie, who is the accounting firm doing their audits?? Or did this
>> happen all at once?
>>
>> disgusting.
>>
>> dave
>>
>
> Don't know who does the audit. Typically an audit would only be done
>once a year in an organization like this one. The board would review the
>financials each month (or they should) but if your numbers are coming
>from the guy doing the embezzelment its of no use. It is disgusting, but
>very common.
>Bernie

My understanding is there were no audits and no financial reporting to
the membership. I've been a professional member for a year an a half
and have never seen a statement. This is clearly going to haunt an
organization that endorses "transparency" when dealing with the
financial affairs of the third world.

Marshall
.