WilliamsburgPlayers,Inc.PolicyandProceduresManualTitle:AUDITTASKFORCEfilename:Premieropening nightevent .wpdDate ChangeSummary(verticalbarindicatesmostrecentrevision)2/15/05 InitialinclusionintoP&PManual(Note,policiesarestatementsorrules,proceduresaremethodsorcoursesofaction.)1. General: TheWilliamsburgPlayers(WP)willpracticesoundfinancialmanagementandcomplywiththediversearrayoflegalandregulatoryrequirements. Thefinancialsystemwillassurethataccuratefinancialrecordsarekept,availableforreview,andthatallfinancialresourcesareusedinfurtheranceofthestatedpurpose. Periodicreviewswillbeconductedtoassureregulatoryandliabilityconcernsaremet.Toaccomplishthisstatedobjective,anAuditTaskForce(ATF)willbeappointed. ThisATFwillbechartedtoindependentlyreviewthefinancialstatusoftheWilliamsburgPlayers,overseeaccountingandreportingprocedures,reviewandassesstheaccountingprocess,assessinternalcontrols, defineandmonitorethicalstandardsandprocedures,publishincoordinationwiththeWPBoardanannualreport,andprovideaforum forvolunteersandanyemployeestoexpresscommentsandconcernsonfinancialmatters.2. ATFComposition: TheATF willconsistofatleastthreebutnotmorethanfivepermanentvotingmemberswithonebeingthepresidingPresidentoftheWPBoardofDirectors. Theothervotingmembersshallbemembersofthecommunitywith(1)acommitmenttothestatedmissionoftheWP,(2)experienceinfinancialmanagementoflocalbusinessesornon-profitorganizations,and/or(3)aprovenpersonalrecordofsuccessintheprivateorpublicsector. ...
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