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lodge audit
CHAPTER XI
THE WORSHIPFUL MASTER'S
HANDBOOK
Grand Lodge, F.A.A.M. of the
District of Columbia
RESPONSIBILITY
Audit Committee
PURPOSE
To provide assurance that:
1. All cash received has been recorded promptly and
accurately and deposited on a timely basis.
2. Cash disbursements have been made only for
authorized Lodge purposes and have been properly recorded.
3. Cash in banks is accurately stated.
4. Cash balances are maintained at adequate but not
excessive levels.
5. Lodge securities and investments are properly
detailed and subject to appropriate safeguard.
6. Interest and dividends on bank accounts and
securities are properly recorded and deposited.
7. The Lodge Secretary’s and Treasurer’s records and
books are kept current and that all recordings are properly made and on
a timely basis.
TIMING
Unless specified in the Lodge’s by-laws, the Audit
Committee should examine the records of the Lodge Secretary and Treasurer
as well as the records of the Trustees as of the close of the Masonic year
with the report being submitted to the Lodge and the Worshipful Master
prior to the installation of the new Worshipful Master.
It should also be the prerogative of the Worshipful
Master to call for a Lodge audit at any time for just cause.
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