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Submitted by Leah Akins, Vice President, NYSC-AAUP

Recognizing that an independent financial audit of NYSC-AAUP had not been performed in some time, Leah Akins was designated by NYSC-AAUP Executive Council to reconstitute and chair the audit committee with the charge of finding a certified public accountant to perform the work. In fall 2019, Leah Akins contacted audit committee members and NYSC-AAUP leadership concerning recommendations for certified public accountants to perform the NYSC-AAUP constitutionally required financial audit. Three CPAs were suggested and Leah Akins had a telephone call with two of them. These discussions helped frame the work an organization like NYSC-AAUP typically requires. Estimates were provided by both the CPAs and the lower bid was accepted by the Executive Council.

In April 2020, NYSC-AAUP Treasurer Pat Cihon worked with Van Norstrand & Hoolihan CPA located in Rhinebeck, NY (https://vnhcpa.com/) to perform a financial compilation and complete 2019 tax forms. Pat Cihon reported that the CPA was easy to work with and provided a secure system for uploading financial documents for consideration and review. The compilation indicated that there were no issues with NYSC-AAUP financial information. Balance sheet, profit and loss, and general ledger documents were prepared and provided to the audit committee. No inconsistencies or problems were documented in the compilation.

Pat Cihon reported positively on the financial compilation and working with VNHCPA at the fall business meeting in October 2020. He was pleased with the extent and quality of work performed by VNHCPA at an advantageous cost (under $500) to NYSC-AAUP. The NYSC-AAUP Executive Council plan to retain VNHCPA to complete the organization’s 2020 taxes and to have VNHCPA perform a compilation every other year or more often if deemed necessary.