Board Functions I had

• Jan. 2019 - Mrt. 2020 Secretary on the  board of Stichting Verloren Jaren (UnPaid/onBezoldigd) (In The Netherlands, Via Databeet)

• Apr. 2017 - Dec. 2019 Secretary on the board of Stichting Anoiksis Beheer (Paid/Bezoldigd) (In The Netherlands, Via Databeet)

Audit Committee = Kascommissie

An audit committee is in Dutch a Kascommissie. An audit committee audits the treasurer and the rest of the board financially. The audit committee is appointed by vote in the general meeting of the organization. An audit committee is required by law, or the organization has to hire an accountant to audit the organization financially each year.

General Meeting & Audit Committee

In the general meeting 2 members that are not in the board will be appointed to audit. They form together the audit committee. Sometimes there are more members in the audit committee. The law requires two non-board members in the audit committee. The audit committee members must be financially literate to audit the organization financially. The audit committee does this for all members of the general meeting and other members. The committee is appointed for 1 year, each year in the general meeting. The audit committee members can be reappointed twice.

Board & Audit Committee

The two members of the audit committee are non-board members. The main task of the committee is to check the books. The books and all other financial tasks are the responsibility of the treasurer. Although all members of the board are together responsible for a well-run organization with a solid annual report. The financial statement is most of the time drawn up by the treasurer or delegated by the treasurer. The treasurer is ultimately responsible for the financial chapter of the annual report.

The Audit

The audit committee checks if all financial was done according to the law and as stated in the annual report. The tasks can be:

• Audit the annual report (required)

• Audit the financial statement (required)

• Audit the financial policy (required)

• Audit the bookkeeping by checking samples (required)

• Audit if all bills have been paid and by whom

• etc., etc., etc., ...

The audit committee can ask for every piece of the bookkeeping or other pieces that are part of the financial policy. The board or the ones running the organization daily have to give them access to all of it. The access only consists of going through it not alter it. The audit committee is only checking.

The Audit Committee Reports In The General Meeting To The Members

After going through the books the audit committee reports back in the general meeting to the members. If the audit went well and no strange things were found the board gets discharged for the annual report of the year that has been audit. Sometimes the audit committee suggests to alter a few things in the financial policy to the board and the members. These suggestions are only for the future and are part of growing in financial reporting by the board and organization.