The Alberta Association of Academic Libraries is seeking one more auditor! The yearly review of our Financial Statement is a key piece for renewing our status as a Society. If we do not submit our yearly paperwork to the Alberta Government, the ultimate consequence is that we lose our status as a Society and have to relinquish all of our assets.
What does auditing entail? Essentially, you have a look at our financial transactions for the year, as presented on the Financial Statement, and make sure that there are no irregular transactions.
As an auditor, you would not need to cross-check every single transaction, but if you would like to verify a transaction, you will have the supporting documentation to do so (i.e., our bank statement and PayPal statement, and receipts for our largest expenditures).
Once you are satisfied that the financial information is correct, you will sign the Financial Statement and return that document to our Treasurer.
If you are willing to audit, or if you would like more information about auditing for AAAL, please contact Yvonne Phillips, AAAL Treasurer, at yvonne.phillips@rdpolytech.ca