-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
On 2004-12-09, at 16.58, Bernard Aboba wrote:
Section 5.1
"For bookkeeping purposes, funds managed by IASA should be accounted
for
in a separate set of accounts which can be rolled-up periodically to
the
equivalent of a balance sheet and a profit and loss statement for IASA
alone after taking into account the effect of common items paid for or
received by ISOC as a whole."
I think we want to specify what financial statements are produced in
more
detail, and how an audit may be triggered.
Suggest this be changed to:
"For accounting purposes, funds managed by IASA should be accounted
for in
a separate set of accounts, in order to allow the general of separate
financial statements for IASA, after taking into account the
allocation of
common items paid for or received by ISOC. The allocation of these
common
items shall be agreed upon between the ISOC and the IAOC as part of the
budget process.
Financial statements to be produced for IASA include (but are not
limited
to) an Income (Profit/Loss) Statement, Balance Sheet and Statement of
Cash
Flows, in accordance with Generally Accepted Accounting Pinciples
(GAAP).
Should the IAOC not be satisified with these financial statements, the
IAOC shall have the right to request that the ISOC conduct an audit."
I kind of like this proposal, but this second paragraph is something
that I think is up to IAOC to agree with ISOC on. Also, if you will
need an audit, I don't expect you/us to want ISOC to conduct it.
- - kurtis -
-----BEGIN PGP SIGNATURE-----
Version: PGP 8.1
iQA/AwUBQbnQVqarNKXTPFCVEQLlEwCfUpf4eY8UbKp+ViKH8E3AjzwFCboAoN2h
cImKVq0/Fes9tE6EgKMvC9jB
=V9Kr
-----END PGP SIGNATURE-----
_______________________________________________
Ietf mailing list
Ietf(_at_)ietf(_dot_)org
https://www1.ietf.org/mailman/listinfo/ietf