sisters

Our Chapter Officers who were average dressed while members all began wearing designer suits after taking Chapter office. Whi is paying for this...

We are...

Those Chapter Officers most actively opposed to an annual audit are your biggest suspects for improprieties. Annual audits bring confidence back to the Chapter.

Do not feed and maybe he will go away.......

I figure the 5-10% you imply would more likely be the result of inefficiency of running a fairly large operation with little experience than embezzlement or other intentional misuse 99% of the time. Unless you think we have Jordan Balfort Jrs. running sororities. This is fake.

Sorority dues seem to enter an ever-present black hole. Honestly, house maintenance, transportation for events, custom apparel, and fines paid to UPC can't possibly add up to an annual budget of $1 million. Where does the rest go?

Fraternities have similar annual budgets, but seem to do all of the same functions as sororities plus much, much more. At least 40-60% of most large fraternities' budgets go towards social functions (including TX-OU, build parties, performing artists, and formals). The lack of financial transparency amongst sororities is simply mind boggling.

Both Sororities and Fraternities should have an annual January audit by an independent firm. Any organization with an $500,000 plus annual budget should be required by its due paying members to have an annual audit. Its just good common sence.

Any Chapter Officer that is against this reasonable request should be your top suspect for improprieties.

To protect UT students:

Lets make a University petition for all Greek Houses to require an annual January audit if all expenses.
This will protect the House and its members from fraud and other abuses.

An audit usually costs less than 1/2% of the budget being audited. Most audits pay for itself several times over by finding unreasonable fees, double charging, phantum charges that are refunded back to the Chapter. Also the probable improprieties by Chapter Officers are required to be refunded as well. The probability is over 90% of making a profit for the Chapter after an audit.

The post above is probably from an Chapter Officer trying to avert an audit.

This has got to be some dude who works for an independent auditing company in Austin that is trying to drum up some business right? Or just a troll?

Anyone in a Chapter House who opposes a reasonable audit of Chapter Finances is trying to hide improprieties. Most public or private organizations with an annual budget of $500,000 or more is audited to protect the organization from financial abuse and fraud.

UT should mandate an annual audit requirement for all Greek Chapter Houses. It is good for all involved except the criminal element defrauding members.