*/SSA Bylaws require a yearly audit. When was this last accomplished? /*

**Our accountants accomplished the last audit on October 31, 2002.

*/Why has an audit (or outside financial review) not been done since
2002? /*

**The SSA hired its first CFAO during 2002. In retrospect, this may have
led to a false sense of security on the part of the Board. Over the
ensuing years, the Board decided not to spend funds on audits, instead
allocating money on other tasks felt necessary to grow the Society. In
retrospect, this was obviously “penny wise, and pound foolish.” A full
audit by an outside party is planned. "

The tone of this part of the SSA answer is not encouraging. From
reading this, you would think that the decision not to follow the bylaws
was a business decision like any other -- "the Board decided not to
spend money on audits". In fact, however, the Board was required by law
to follow the bylaws, and it intentionally decided not to do so. It did
not have the discretion to decide whether or not to spend money on
audits, so the failure to do annual audits was not merely a matter of
"penny wise, and pound foolish." Either the Board still does not
understand this, or it is madly spinning the facts. Perhaps this
language was written by lawyers, who are professional fact spinners, but
why didn't anyone on the Board put their foot down and say "Hey, we have
to be honest with our members?"



The board has now public stated that it acted in direct violation of
the formal bylaws of the organization. To the extent that the board
willfully and knowingly took an action that was outside the bounds of
its authority, it is probably liable for damages on a personal level.