As our stake begins prepping for the next audit cycle the Stake First Counselor asked me if the forms used last time were still correct. I checked the forms against MLS 3.2 and they look the same and related such.
However, it brought up a question. If and when CUB's is instituted will there be some changes to the audit forms and procedures? With units no longer having to do monthly reconciliations, what other operations might change that would change questions/procedures checked during an audit.
This low on the list of priorities and questions to resolve right now but it just got me to wondering. Any ideas?
Discuss questions around local unit policies for budgeting, reconciling, etc. This forum should not contain specific financial or membership information.
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Pilotfly wrote:If and when CUB's is instituted will there be some changes to the audit forms and procedures?
Yes, there are changes coming. Our area auditors are in the process of scheduling training for our stake audit committee and our auditors that they hope to have finished within the next few months.
As the chairman of the audit committee, I was told a few things I cannot yet share, but I like everything I have heard so far and look forward to the changes.
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