sisters
by: Agreed
Require your Sorority to have a January Independent Audit of ALL finances. This will require current Sorority Officers to defend their actions or be charged with financial impropriety before they graduate in May.
An annual $500- $1 million house budget is too much trust/money to place on 20-22 year olds.... An average initial audit finds 5-10% budget improprieties. There are too many Sorority Officers wearing designer suits on a college student’s budget.
#34by: Internal Audits
Internal Audits.......hahahahahaha
Internal audits conducted by those being audited. Chapter Officers.
Like an inmate writing his own police report......
Get REAL.
The anti-audit posts above are clearly written by those corrupt Chapter Officers that are scared of being caught for embezzlement.
#35by: U Dumber
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.
#36by: Z
#38by: New Pledge
It appears it is a Win-Win situation for us to require our new Chapter to have a January annual audit. If they find embezzlement, we get our money back.
If nothing is found we have confidence in our new Chapter.
We WILL make an annual audit a requirement for our Chapter as a Pledge Class.
Pledge Class President
#40by: WoW
There sure are a lot of Chapter Officers running scared. I was neutral on the required audit, but there must be a Fire from all of these Smoke Screen Posts.
All Chapter Officers should return any/all funds taken by fraud and apologize to the Chapter. If you wait and the audit discloses your embezzlement, the Chapter should pursue legal action.
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by: Z
This initial post is on several of the college pages. Texas is the only school that has really gotten any responses. I was reading my sister's college site and it was on there, too.