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Poster Name:
U Dumber

Poster Message:
As a past Chapter Officer, we had to prepare a general 1-3 page Balance Sheet for our National Office. The Line Items on the Balance Sheet were general and clustered many projects/functions into one deduction. The Chapter Adviser was the "internal auditor" who verified these general deductions. The Chapter Officer overseeing these projects could easily overcharge the Chapter for supplies/labor and transportation. Regretably, I am aware of several from other Chapters who had done this in a petty manner. The means to extend this into a major embezzlement is freightening. The risk of being caught by an "Independent Audit" whose results would be reported to all of the due paying members would help remedy the embezzlement risk. We cannot encourage enough all UT Chapters to proceed with this Independent Audit requirement.