Alpha Kappa Alpha Sorority, Theta Theta Omega Chapter audit committee interim report

THETA THETA OMEGA CHAPTER ALPHA KAPPA ALPHA SORORITY JUNE 17, 1992
AUDIT COMMITTE INTERIM REPORT
THE AUDIT COMMITTEE OF THETA THETA OMEGA CHAPTER, ALPHA KAPPA ALPHA SORORITY MET FOR FOR THE FIRST TIME THIS YEAR ON JUNE 16, 1992. PRESENT AT THE MEETING WERE SORORS MYRTLE MOORE, AND GRETA MILLS, MEMBERS; LAVONNE LEWIS, CHAIRPERSON AND BASILEUS, GUI DA BROWN. THE MEETING WAS HELD AT THE HOME OF SOROR LAVONNE LEWIS.
UPON INITIAL REVIEW OF THE BOOKS AND SUPPORTING DOCUMENTS, THE COMMITTEE DECIDED THAT THEY WERE OF THE OPINION THAT AN OUTSIDE CPA SHOULD BE HIRED TO AUDIT THE BOOKS. THIS WAS THE UNANIMOUS DECISION OF THE COMMITTEE INCLUDING THE BASILEUS. THE COMMITTEE FELT THAT A BLACK CPA SHOULD BE HIRED TO CONDUCT THE AUDIT, IF AVAILABLE. THE CHAIR WAS INSTRUCTED TO CONTACT JERRY LOCKHART TO SEE ABOUT HIS AVAILABLITY AND GET THE BOOKS AND SUPPORTING DOCUMENTS TO HIM.
AFTER COMPLETION OF THE AUDIT, THE CPA IS TO REPORT TO THE AUDIT COMMITTEE AND THEN TO THE SORORITY.
THE MEETING ADJOURNED AT 9:00PM.
THE CHAIR CONTACTED JERRY LOCKHART ON JUNE 17. MR LOCKHARET SAID THAT AN AUDIT IS TOO EXPENSIVE FOR THE SORORITY TO UNDERTAKE BUT A REVIEW WOULD BE IN ORDER. WE DISCUSSED THE DIFFERENCE AND I AGREED WITH THAT RECOMMENDATION. I AM TO TAKE THE BOOKS TO HIM ON SATURDAY, JUNE 20 AND HE WILL GIVE ME AN ESTIMATE AT THAT TIFME AFTER EVALUATING WHAT IS INVOLVED.
RESPECTFULLY SUBMITTED
LAVONNE LEWIS