[Lnc-business] Fwd: LNC Audit Committee's report

[Tim Hagan]

Julie Fox asked that the Audit Committee Report be forward to the LNC.
The report states, "Because information provided in the auditor's report
concerns the conduct of the audit and matters involving internal
controls, such information is intended only for the Committee and
management. As such, this document should be treated as confidential." I
will forward the report prior to the meeting to those who ask.

---
Tim Hagan
Treasurer, Libertarian National Committee 

-------- Original Message -------- 

 		SUBJECT:
 		LNC Audit Committee's report

 		DATE:
 		2017-11-27 17:02

 		FROM:
 		JULIE FOX <jfox1214 at sbcglobal.net>

 		TO:
 		Wes Benedict <wes.benedict at lp.org>, Nicholas Sarwark <chair at lp.org>

 		CC:
 		Robert Kraus <robert.kraus at lp.org>, CPA Mark Frye
<mark at fryeandco.com>, Joseph Buchman <drbuchman at gmail.com>, Aaron Starr
<starrcpa at gmail.com>, Tim Hagan <treasurer at lp.org>

Nick & Wes, 

Attached is the LNC audit committee's report on the 2016 audit.  Can one
of you please pass the report and my email on to the LNC Discuss list?  


As noted in the final paragraph of our report, audit committee members
will work with Mark Frye and Robert Krause in order to have the 2017
audit committee report completed no later than the LNC meeting prior to
the start of the 2018 LP convention.   There were various reasons for
the slowdown in the overall timeline.   One of those was the audit
committee delving into issues this year that were not addressed in past
years by the audit committee.   There have been questions on more than
one occasion in the last several months as to the extent of the audit
committee's role.   I have included text regarding the audit committee
from both the policy manual and the bylaws in the first section of our
report.    As you can see, both are vague.   I believe more clarity is
needed, with the policy manual presumably being the place for that.  
This was not covered in our written report but I will include it in my
verbal report. 

Please let us know if you have any questions, comments, or concerns
after reading our report. 

Thank you to Robert Krause and Mark  Frye for answering our numerous
questions! 

Julie
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://hq.lp.org/pipermail/lnc-business/attachments/20171202/502d680d/attachment-0001.html>