1. WELCOME! Clubs Training Session #2 Audit November 24th 2016

2. Audit Preparation

3. Let’s Review – What do you need to submit?
Financial Statement
Bank Statements (September – December)
Receipts/invoices
Cheque logs (and corresponding cheque stubs)
Supplementary documents ( s, letters, etc.)
Updated Events List for winter semester
Letter to the Auditor*

4. Let’s Review – Financial Statement

5. Let’s Review – Bank Statements
Be sure to highlight your current balance

6. Let’s Review – Cheque logs & Receipts

7. What are we going to look at?
Required documents
Auditor feedback – students being audited by students
How active the society has been (how much money have you spent?)
If the society has attended training sessions held by the UTMSU
Projected events for second semester

8. Where can you find these documents?
ON THE UTMSU WEBSITE! Clubs > Clubs Documents > Re-Recognition

9. Let’s do one!
I held an event called “Writers Talk” for the “Awesome Club "on July 21st, 2015 that involved having a guest speaker. The Club was expensed the speaker’s taxi fare from the airport to the venue location. I personally paid the fare from my VISA and the Club issued me a reimbursement cheque #057. The event generated $3000 in revenue through tickets. The expenses include: speaker cost ($0); Italian food catering ($500); venue with A/V ($1500); gift for speaker ($100); taxi fare ($45). Report this amount as if it were debited to the Clubs bank account. Report this amount as a reimbursement.

11. ACTIVITY