HDSA Home  News  Development  Publications  Constitution 2007  Rules and Regulations  HDSA Library  Calendar  Members  Contact  Forms Login Username: Password: Forgot Details?	<< Article 11 - Indemnity Index Article 13 - Dispute Resolution >> Article 12 - Finance ARTICLE 12:  FINANCE The accounts of the District Association shall: a) be audited annually by a Chartered Accountant* if the annual Gross Revenue is greater than $30,000*; or b) be reviewed annually through a Financial Review Engagement completed by a Certified General Accountant, Certified Management Accountant or Certified Accountant,. if the Annual Gross Revenue is $30,000* or less; or c) with the consent of all its Members, be exempt from any audit or Financial Review Engagement if the Annual Gross Revenue is less that $10,000 The audit or the Financial Review Engagement statement shall be presented to the Annual General Meeting for adoption. At the Annual General Meeting of the District Association, a chartered accountant firm shall be appointed to perform the audit or the Financial Review Engagement. The fiscal year of the District Association shall end on October 31st of each year, unless otherwise ordered by the Board of Directors. Last updated by Anna (anna_t)  on Jan 09 2007  at 10:49 AM << Article 11 - Indemnity Index Article 13 - Dispute Resolution >>
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