MEETING DATE: August 11, 1993
MEETING LOCATION: San Francisco, California
IN ATTENDANCE: Robert Knechel, Ira Solomon, Steve Aldersley, Karen Pincus,
Gerald Smith, Bill Messier
The meeting was called to order at 7:40 a.m.
Knechel
Information
Robert Knechel welcomed the new members of the Executive Committee.
Smith
Information/Action
Gerald Smith reported on his efforts to obtain information about service records maintained by the AAA Sarasota office as they pertain to Auditing Section service. He noted that he will continue to follow up on this issue and will report back to the Executive Committee later this year. Smith suggested that the charge "Insure member service records are updated" be added to the Historian's position description.
Aldersley/Solomon
Information/Action
Steve Aldersley raised the issue of potential changes to the structure of the executive committee, such as adding a Member-at-Large, and potential changes to the election procedure. A brief discussion of tasks and representation questions followed. Ira Solomon agreed to present several options, including pros and cons of each option, for discussion at the mid-year Executive Committee meeting
Knechel
Information
Robert Knechel summarized member reaction during the Town Hall portion of the annual meeting to the proposal for a mid-year Auditing Section meeting. Reaction from members was generally positive, with remaining issues to be resolved including geographic location, and frequency (annual vs. alternating years). The committee appointed to consider the proposal will prepare a report for the mid-year Executive Committee meeting.
Knechel
Information
Robert Knechel reported on the Research Committee's work on research cooperation. A preliminary meeting was held August 9, 1993 and guidelines are being drafted.
Knechel/Messier
Information/Action
Robert Knechel and Bill Messier raised several issues about planning for the 1994 annual meeting. Potential speakers for the luncheon were discussed. Member reaction to the cost of the luncheon was discussed. Bill Messier agreed to prepare a report on the Auditing Section luncheon for the mid-year Executive Committee meeting. The report will include information on what guidance the AAA Sarasota office uses in arranging luncheons and what options (including pricing options) the Section has.
Knechel/Pincus
Information/Action
Robert Knechel discussed the need for better information on reimbursements and budgets and noted that the information available may be changing as the AAA's new system becomes operational. Karen Pincus agreed to present information on the new AAA information system at the mid-year Executive Committee meeting. She also agreed to add a column to the section's budget form allowing a comparison between the current year and the prior year.
Knechel/Pincus
Information/Action
Robert Knechel announced that the mid-year Executive Committee meeting would be held on Sunday February 20 at the Mandalay Beach Resort, in Oxnard, California, from 10 a.m. to 5 p.m. This date immediately follows the Audit Education Conference and immediately precedes the USC Audit Judgment Symposium. Karen Pincus agreed to make room arrangements for the meeting, and to arrange to have lunch and coffee breaks food/beverages delivered to the room.
Knechel/Pincus
Information/Action
Robert Knechel raised the issue of reimbursement of members for expenses of attending committee meetings. The Executive Committee briefly discussed the financial feasibility of reimbursements, but was unable to reach a conclusion because of lack of accrual-basis information in the current reporting system. Karen Pincus agreed to obtain whatever information is available from AAA Sarasota about the building cash balance for the Section and to prepare a report for the mid-year Executive Committee meeting addressing the question of whether excess cash is being accumulated and, if so, suggesting options for action. Karen Pincus also agreed to draft, in consultation with Robert Knechel, a proposed reimbursement policy for discussion at the mid-year Executive Committee meeting.
Knechel
Information
Robert Knechel reported that advertising revenues have dropped and raised the question of whether the Section needs someone separate from the editors to be responsible for advertising. Larry Ponemon has agreed to put together an analysis of advertising in the Auditor's Report for the mid-year Executive Committee meeting. He will also report on a proposal to add book reviews to the Auditor's Report.
Knechel
Information/Action
The proposal from the BARC (Boston-area research consortium) to host a symposium was discussed. Robert Knechel agreed to ask for clarification and additional information on the nature of the proposed conference. He will report this information at the mid-year Executive Committee meeting.
Smith
Information/Action
Various committee members expressed their appreciation for the Auditing Section operating manual. Gerald Smith agreed to add the committee report responding to the COSO's Internal Control: An Integrated Framework to the binder.
Aldersley
Information/Action
Steve Aldersley raised the issue of how Section publications could help increase the visibility and contribution of the Section to practitioners. Robert Knechel agreed to invite current and past editors, Jack Krogstad, Joe Schultz, and Ted Mock to the mid-year Executive Committee meeting to discuss the issue.
The meeting adjourned at 9:25 a.m.
Minutes submitted by: Karen V. Pincus, Secretary/Treasurer
October 21, 1998
