I would be interested in the same information if it is available. We are a very small PTO (less than 10 active members) and we have implemented several ways to check and balance our accounting procedures so we hate the thought of spending several hundred dollars for an audit.
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Our auditing committee consists of three oms - none of who have accounting experience. The treasurer turns over the check book, bank statements, and petty cash report and they go over it. Basically they review it like they would there personal bank accounts to make sure there are no discrepancies. If something needs further detail they will contact the treasurer for more information. It has worked for us this far - although we have had years were it has been overlooked as well. Good Luck!!
Our PTO bylaws say that an auditing committee audits the treasurer's records annually. In the past years a CPA has volunteered to audit our books - however, the CPA has been too busy to complete the audit for 4 years now. This is my first year on the board and I want to get this cleared up and from what I've been reading, the best thing to do is follow the bylaws. Can someone tell me if there are forms or maybe a book that can tell us what an auditing committee has to look at to complete the audit? If someone has forms that they can share, feel free to email them to me at This email address is being protected from spambots. You need JavaScript enabled to view it..
This is my first year on the board and I want to get this cleared up and from what I've been reading, the best thing to do is follow the bylaws. Can someone tell me if there are forms or maybe a book that can tell us what an auditing committee has to look at to complete the audit? If someone has forms that they can share, feel free to email them to me at This email address is being protected from spambots. You need JavaScript enabled to view it..
