Auditing & Accounting
Auditing & Accounting Committee Members
Resources
Oversees Lodge financial reporting, ensures compliance with accounting requirements, and conducts quarterly reviews of financial operations and record-keeping (G.L.S. 13.040).
Key Responsibilities
According to Section 13.040 of the Grand Lodge Statutes, the Auditing & Accounting Committee:
Consists of not fewer than three members appointed by the Exalted Ruler
Oversees the Lodge's submission of Financial Reporting System (FRS) reports
Ensures Federal and State tax returns are prepared by a Licensed Tax Professional independent of FRS preparation
Receives and delivers tax returns to the Lodge and submits them to Grand Lodge by August 1st
Conducts quarterly reviews in July, October, and January of financial record-keeping and budget compliance
Continues duties until FRS and tax returns are completed for their appointed fiscal year
Cannot include the Lodge Secretary, Treasurer, Trustees, Directors, or any member of club supervising/managing bodies
The Committee serves as the Lodge's internal financial oversight body, ensuring compliance with Grand Lodge accounting requirements and providing independent review of the Lodge's financial operations and controls.
Leadership
This committee provides valuable leadership development through focused expertise in a specialized area of Lodge operations. This committee role allows members to develop project management skills, learn to work effectively with diverse groups, and gain experience in planning and executing Lodge activities. The Chair's responsibility for coordinating committee members and reporting to the Lodge develops communication and organizational abilities that translate well to future service in higher Lodge positions. This specialized focus helps build the member's reputation within the Lodge while contributing meaningfully to its mission and goals.